Mumbai: FMCG major Dabur India is betting big on its international business and plans to expand its manufacturing capacity to cater to the growing markets besides readying a slew of products for launch in new categories, a top company official said.
Dabur, the fourth largest Indian FMCG firm with an annual turnover of around Rs3,400-crore, aims to increase its foreign sales substantially to 25% through both inorganic and organic expansion going forward.
Presently, it contributes about 20% to the total turnover at Rs600-crore (as at end-FY10).
“We want to be a world player and are open for any strategic acquisition in the near future. However, to drive growth, we also have to increase capacity constantly. This fiscal, we will invest around Rs60-crore in expanding our manufacturing facilities -- one each in Egypt and Nigeria and two in the Gulf,” Dabur India’s chief financial officer, S. Raghunathan, told the news agency on the sidelines of a CII event here today.
He said that international business was growing at a CAGR of 22-30% and is expected to grow at the same number over the next few years.
Dabur manufactures oral-care, hair-care and several other personal-care products in these units and plans to scale-up production as it expands its foot-print across the globe.