In his words, modern trade is one of most important arenas, where a fierce battle is underway for supremacy among brands in India. “Capturing shelf space at a larger length than one’s market share is very important to grow one’s business and add to one’s visibility”, he told Business Standard in November. And achieving the feat would be one of his initial goals, he had added.
Like Duggal, who has spent nearly quarter of century in Dabur, Malhotra is no spring chicken. After completing his MBA from Indian Institute of Foreign Trade, Malhotra had joined Dabur in 1994 as a management trainee. And began played an important role in expanding Dabur’s international business since. Dabur that today gets about a third of its Rs 7,750 crore annual sales from international business, elevated Malhotra to the position of business head for international division in 2004 and the CEO in 2008.
While, Duggal will step down from the position of CEO, he will continue to serve as a whole time director till May 15, 2019 and then continue as a non-executive director till July 30, 2020.