| Log in

Dabur India Earmarks $250-500 Mln For Overseas Buys

17 September, 2009

Personal care and food products maker Dabur India Ltd is scouting for firms in U.S., Europe, U.A.E. and parts of Africa for acquisitions and has earmarked $250-$500 million, a senior company official said,

“We are focussing on the MENA region (Middle-east, Egypt, Nigeria and Africa) mainly UAE and Africa… and also looking at companies in Europe and the U.S. where we don’t have much of a footprint,” Vice Chairman Amit Burman told reporters.

“From the internal accruals and the debt we can raise we are looking at a size of $250-$500 million,” he said on the sidelines of a conference on Thursday.

Dabur’s international business contributes about 15 percent of overall revenues and Burman said this segment was growing about 50 percent year-on-year.

Its net profit may rise 25 percent on revenue growth of 22-25 percent in 2009/10 helped by new brand launches and the recent acquisition of Fem Care, he added.

Net profit margins for the current fiscal may improve by 3-4 percent over last year, helped by the combination of portfolios with its recent acquisition of Fem Care, Burman said.

Dabur also plans to invest 250-500 million rupees over two years on expanding its retail store network in the country, he added.

The firm plans to add 4-5 stores this fiscal and 10 stores each year from the next fiscal, he said.

At 2.28 p.m., shares in the firm were up 1.14 percent at 132.75 rupees in a choppy Mumbai market.

 


Leave Your Comment
Dabur scion Burman on love for food business & why he prefers debt over PE for Lite Bite

Dabur scion Burman on love for food business & why he prefers debt over PE for Lite Bite

Diksha Dutta 5 years ago
Amit Burman has been out and out a food business enthusiast. The vice chairman...
Voltas Signs JV In Oman

Voltas Signs JV In Oman

Reuters 7 years ago
Airconditioning and cooling products maker Voltas Ltd, part of the diversified...
Cipla scouts for more acquisitions to build US biz

Cipla scouts for more acquisitions to build US biz

Reuters 10 months ago
Indian drugmaker Cipla Ltd’s third-quarter profit beat estimates due to...
No Comments

Dabur India Earmarks $250-500 Mln For Overseas Buys

Powered by WordPress.com VIP