New Delhi: 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 Rs5,000 crore by the next fiscal.
The company, which roped in Bollywood’s new bee Sonakshi Sinha as the new brand ambassador of the firm’s newly acquired brand Fem Care to replace Preity Zinta, said it expects to close this fiscal with a revenue of Rs4,000 crore.
“We are targeting a revenue of Rs5,000 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 Sunil Duggal told reporters here.
Dabur is looking at acquiring companies both in the domestic and overseas markets, he added.
Asked about the size of the acquisitions, Duggal said the company is looking at a deal size ranging up to Rs500 crore.
“We are flexible in the terms of the size of our acquisitions. The range could be in the range of Rs50 crore to Rs500 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 Rs451 crore).
In September, 2010, the company had completed acquisition of Turkish personal care firm Hobi Kozmetik Group for $69 million (about Rs324 crore) to strengthen its presence in the Middle East 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.
According to company officials, Zinta’s contract with the firm expires this month.
On the rising input costs Duggal said, “It’s scary. We are trying our best through various ways, including price increases, so that the impact of the rising input costs is zero per cent.”
He, however, did not specify if the company is likely to further hike prices. The company, which sells the skincare and haircare range, under brands like ‘Dabur´ and ‘Vatika´, had taken a price hike in December last year for around 2-3% for some of its products.