Dabur India, country’s fourth largest FMCG firm has revealed its plans to launch `new-u` stores in Gujarat by fiscal 2011.

According to the sources, the specialty beauty, health and wellness retail business will build stores in at least four major cities Such as Ahmedabad, Surat and Vadodara

Dabur India posted a 29.74 percent rise in net profits to Rs 701.40 million for the quarter ended in June 2008 from a profit of Rs 540.60 million for the same period previous fiscal.

Net sales has gone up by 17.71 per cent to Rs 5241.70 million for the quarter ended June 2008 from Rs 4453.10 million for the same period in the previous year.

Stock of Dabur India ended the day at Rs 91, up 3.64 percent on National Stock Exchange. The total volume of shares traded at the NSE was 889,865.