DABUR HOLD BACK RETAIL EXPANSION PLANS

Dabur India has decided to freeze the expansion plan of its newly launched retail arm with an aim of capitalising more from further downside in retail rentals that the company is expecting. The company earlier looking at having 12 to 15 stores by the end of the year 2008-09, it has now temporarily halted the ramp up for 3 to 4 months and hopes that retail rentals would fall further.