Amit Burman resigns as Chairman of Dabur India

Mohit Burman has been appointed by Dabur as the non-executive chairman of the company’s board of directors.

Dabur’s chairman, Amit Burman, has submitted his resignation. The company said on Friday that Burman’s resignation as chairman of the board of directors with effect from the end of business on August 10, 2022, had been accepted by the board. However, Burman will continue to hold the position of non-executive director for the business.

Amit Burman was chosen to lead Dabur Foods as the company made its initial entrance into the processed foods sector in 1999. However, Dabur Foods and Dabur India Ltd amalgamated in 2007, at which point he became vice chairman of Dabur India Ltd and in control of the business. He was given the title of chairman of Dabur India Ltd. in 2019.


Additionally, the company disclosed that Mohit Burman has been appointed as the non-executive chairman of the board of directors for the business for a term of five years by the board of directors. The hiring was effective as of August 11, 2022. Mohit Burman was the company’s non-executive vice chairman until his appointment.

Saket Burman has also been appointed by the board to serve as the non-executive vice-chairman of the company’s board of directors for a period of five years. On August 11, 2022, the appointment became effective.

According to the Bombay Stock Exchange (BSE), Dabur India reported a flat increase in consolidated net profit for the year over year to Rs 440 crore for the quarter ended June 30, 2022. Although the company’s effective tax rate for its consolidated operations decreased from 22.8% to 21.9%, rising costs for raw materials kept profits from expanding.

However, Q1 FY23 reported consolidated revenue from operations up 8.1% year over year to Rs 2,822 crore, with underlying volume growth in the India FMCG sector of 5%. The revenue growth in the June quarter, which was 10.3% on a constant currency basis, is up significantly from the same period last year, when it was 32%.