With the intention to take the company’s growth to a new level, besides tapping the fast growing Indian FMCG market, Emami, beauty and health products maker, is looking at overseas acquisitions in the recent year.
While addressing the company's annual general meeting (AGM) at Kolkata, Emami Ltd Chairman R S Agarwal said, “We are actively considering brand acquisitions abroad for which a blueprint has already been prepared.”
Mr. Agarwal said that during the first quarter of the existing year, Emami had purchased 27.5% equity stake in Zandu Pharmaceuticals as part of its major strategic investment with an aim to be part of management control together with the subsisting promoters.
Indian FMCG major ITC has informed that its Q4 net profit zoomed 14%, helped by higher cigarette sales of its premium brands including India Kings and Gold Flake.
FMCG major Godrej Consumer Products Limited (GPCL) has forayed into women's hygiene market through a joint venture with Sweden-based SCA Hygiene Products AB.