Second Quarter - Dabur India Limited

Hemant:Dabur India Limited Q2/H1Earnings Conference CallOctober 31 st , 2008In terms of Capex, I just noticed that your gross block has really gone up in ‘09 for the sixmonths in questions. I was wondering could you give us an idea as to where this has gone,has it gone to Nepal and what is the quantum which has gone to retail on a consolidatedbasis and what can we look forward for the next six months going ahead.Rajan Varma:Essentially, large chunk of this has gone into new office block building that we are buildingin Gurgaon and some of the other properties that we have recently acquired in Delhi, so alarge chunk of that has gone in there, retail is different and does not have very major Capexthat has gone in during this period. We had some normal expenditure going in our units inUttaranchal and Baddi but the biggest chunk has been for the Gurgaon properties and theother properties we have acquired in Delhi.Hemant:How are we on the utilization front? Do we need to substantially invest at this particularstage given the current growth rate? I am talking about domestic FMCG.Rajan Varma:Yes, we are about to put in a plan, future expansion plan as we move ahead taking the nextfew years into account which would likely to be approved by the Board shortly and we willtalk about it as and when this is approved.Sunil Duggal:Basically, you are aware that excise window will shut in March 2010, so we need to avail ofthis excise window and income tax benefits consequent to that. We will need to spend afairly high Capex next fiscal, some of it will be done this year but most of it will be actuallycapitalized next year, which will be in the region of 100 to 120 odd crores, may be little bitmore depending upon how cost moves, so that would be the only big ticket Capex whichyou would see from our side so that would ensure that we have fiscal benefits going up to2018 or thereabouts.Hemant:Just one final clarification. You mentioned that the velocity of sales in retail was around Rs5000 per sq feet I guess that is for the weekly you are talking about.Sunil Duggal:Velocities of 500 to 1000 that would be the targeted rate.Hemant:Oh, sorry for the month, okay fine thank you.Hozefa Topiwalla of Morgan StanleyHozefa Topiwalla:Hi Sunil good evening. How are you?Sunil Duggal:Hi, how are you?Hozefa Topiwalla:Pretty well. Just a couple of questions, the first one is what is the volume growth in hairoils and what is the volume growth in shampoo for the quarter?