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    DABUR   INE016A01026

DABUR INDIA LIMITED

(DABUR)
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Delayed NSE India Stock Exchange  -  07:25 2022-08-19 am EDT
587.20 INR   -1.24%
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08/04TRANSCRIPT : Dabur India Limited, Q1 2023 Earnings Call, Aug 04, 2022
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India bans on single-use plastic to combat pollution

07/01/2022 | 10:02am EDT
A sack containing discarded plastic bottles is seen at a recycling yard in New Delhi

NEW DELHI (Reuters) - India on Friday imposed a ban on single-use plastics on items ranging from straws to cigarette packets to combat worsening pollution in country whose streets are strewn with waste.

Announcing the ban, the government dismissed the demands of food, beverage and consumer goods companies to hold off the restriction to avoid disruptions. Plastic waste has become a significant source of pollution in India, the world's second most populous country.

Rapid economic growth has fuelled demand for goods that come with single-use plastic products, such as straws and disposable cutlery. But India, which uses about 14 million tonnes of plastic annually, lacks an organised system for managing plastic waste, leading to widespread littering. Streets across towns are littered with used plastic goods that eventually choke drains, rivers and oceans and also kill animals.

India's ban on single-use plastic items includes straws, cutlery, ear buds, packaging films, plastic sticks for balloons, candy and ice-cream, and cigarette packets, among other products, Prime Minister Narendra Modi's government said in a statement. PepsiCo, Coca-Cola Co, India's Parle Agro, Dabur and Amul had lobbied for straws to be exempted from the ban. In a relief to consumers, the government has for now exempted plastic bags but it has asked manufacturers and importers to raise the thickness to promote reuse. Other than the food and beverage and consumer goods companies, plastic manufacturers have also complained about the ban that they say did not give them adequate time to prepare for the restriction. Some experts believe that enforcing the ban might be difficult. The government has decided to set up control rooms to check any illegal use, sale and distribution of single-use plastic products.

According to the United Nations, plastic waste is at epidemic proportions in the world's oceans, with an estimated 100 million tonnes dumped there. Scientists have found large amounts of micro plastic in the intestines of deep-dwelling ocean mammals like whales.

(Reporting by Mayank Bhardwaj, Editing by Angus MacSwan)

By Mayank Bhardwaj


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DABUR INDIA LIMITED -1.24% 587.2 Delayed Quote.2.51%
PEPSICO, INC. -0.13% 180.345 Delayed Quote.3.85%
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Financials
Sales 2023 120 B 1 496 M 1 496 M
Net income 2023 20 121 M 252 M 252 M
Net cash 2023 36 147 M 452 M 452 M
P/E ratio 2023 51,7x
Yield 2023 1,00%
Capitalization 1 040 B 13 016 M 13 016 M
EV / Sales 2023 8,40x
EV / Sales 2024 7,51x
Nbr of Employees 5 144
Free-Float 32,0%
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Mean consensus BUY
Number of Analysts 37
Last Close Price 587,20 INR
Average target price 624,65 INR
Spread / Average Target 6,38%
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Managers and Directors
Mohit Malhotra Chief Executive Officer & Executive Director
Ankush Jain Chief Financial Officer & Joint Chief Risk Officer
Saket Burman Non-Executive Chairman
Khan Adi Shahrukh Executive Director-Operations
Ashok Kumar Jain Secretary, Compliance Officer & EVP-Finance
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