- Bloomberg•2 years ago
Readers seeking the news on the front page of the Times of India one day last month found something unexpected: stories from 1963 and a man in a white lab coat holding a red toothpaste packet. The full-page ad by Oral-B maker Procter & Gamble Co. (PG) sought to mock Colgate Palmolive Co. (CLGT)’s iconic toothpaste as dated, one example of record marketing expenditure by the providers of consumer goods to India’s 1.2 billion people. The outlay is imperiling profit margins as the weakest economic expansion since 2003 curbs sales and raw material prices surge, according to Angel Broking Ltd. “Ad spends have been extraordinarily high,” said Sunil Duggal, chief executive officer of Dabur Ltd., a company controlled by the billionaire Burman family that sells everything from air fresheners to food.
We're sorry this is all we were able to find about this topic.
Dabur India Ltd.NSE
|52wk Range||233.50 - 320.00|
|Day's Range||296.15 - 310.50|
|Avg Vol (3m)||1,401,538|
As of 5:59 AM EDT. Market closed.