FMCG player Dabur on Tuesday said it is looking for more acquisitions in the personal and healthcare segments, as part of its strategy to achieve a revenue of Rs 5,000 crore by the next fiscal.

New brand ambassador

The company, which roped in Bollywood's new star Sonakshi Sinha as the new brand ambassador of Fem Care to replace Preity Zinta, said it expects to close this fiscal with a revenue of Rs 4,000 crore.

“We are targeting a revenue of Rs 5,000 crore in the next fiscal. This could be possible through more acquisitions. We are on the lookout for acquisitions in the healthcare and personal care segments,” Dabur India Chief Executive Officer, Mr Sunil Duggal, told reporters here.

Acquisitions

Dabur is looking at acquiring companies both in the domestic and overseas markets, he added.

Asked about the size of the acquisitions, Mr Duggal said the company is looking at a deal size ranging up to Rs 500 crore.

“We are flexible in the terms of the size of our acquisitions. The range could be in the range of Rs 50 crore to Rs 500 crore. It could be even above this depending upon the brand and the company,” he said. In January this year, the company made its second overseas acquisitions by buying out US-based personal care firm Namaste Group for $100 million (about Rs 451 crore).

In September, 2010, the company had completed acquisition of Turkish personal care firm Hobi Kozmetik Group for $69 million (about Rs 324 crore) to strengthen its presence in West Asia and North Africa.

With Sinha replacing Zinta, who was endorsing the Fem Care for the last two years, the company expects the personal and skin care segments to be one of its growth drivers.

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