Home-grown FMCG major Dabur said it will invest Rs 325.87 crore in its Indore plant. The company will manufacture red toothpaste and one-liter juice packs, and increase the production capacity of portion packs of its range of juices.
"The Board of Directors have approved the Capital Expenditure of Rs 325.87 crore for its Indore Project in Madhya Pradesh," the company said in a regulator filing. The work for capacity addition would be completed in the next 1.5 years, and production would start in March 2024. This capex would be financed through internal accruals, the FMCG firm said.
Earlier this year, during an investors' call, Dabur said it has planned a capex of Rs 400 crore to Rs 450 crore in FY23 to expand its manufacturing capacity. Last year, Dabur India announced an investment of Rs 550 crore at its Indore plant.