CRISIL Reaffirms strong Credit Rating for Dabur India

New Delhi, May 28, 2020: Dabur India Ltd today announced that CRISIL has reaffirmed its 'CRISIL AAA/Stable/CRISIL A1+' ratings on the bank facilities and debt programmes of Dabur India Limited. The ratings reflect the company's strong financial power and market position in India's FMCG industry, despite the impact of the COVID-19 pandemic and the overall economic recession.

 

The rating agency reaffirmed the CRISIL A1+ rating on the Rs 200 Crore Commercial Paper of Dabur India Ltd. The rating agency also reaffirmed its CRISIL AAA/Stable rating on the Rs 20 Crore Non-Convertible Debentures of Dabur India Ltd. Instruments with these ratings are considered to have a strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk.

 

"Dabur has a strong Balance Sheet with healthy levels of Cash Reserves. These ratings not only reflect our strong financial power and market position in India, but also our healthy financial risk profile, supported by strong cash accrual and a comfortable Net Worth position," Dabur India Ltd Group Director Mr. P. D. Narang said.

 

Dabur India Limited is one of India’s leading FMCG Companies. Building on a legacy of quality and experience for 135 years, Dabur is today India’s most trusted name and one of the world’s largest Ayurvedic and Natural Health Care Company. Dabur India's FMCG portfolio today includes eight distinct Power Brands – Dabur Amla, Dabur Chyawanprash, Dabur Honey, Honitus, PudinHara, Dabur Lal Tail, Réal and Vatika.

 

Byas Anand

Head-Corporate Communications

Dabur India Ltd.

9811994902