Godrej Ind eyeing emerging mkts for acquisitions
Godrej Industries is looking for acquisitions in emerging countries including China and Brazil in the hair colour and household insecticide segment.
By PTI |
NEW DELHI: Godrej Industries is looking for acquisitions in emerging countries including China and Brazil in the hair colour and household insecticide segment.
"We are looking at expanding our core business of hair colour and household insecticides in emerging markets like Brazil, China and some African countries including Nigeria for acquisition opportunities in these markets," Godrej Group Chairman Adi Godrej said on the sidelines of the India Economic Summit.
Earlier, the Godrej group had acquired companies in UK and South Africa. About 25 per cent of the revenues in the FMCG goods segment are coming from the export market.
Godrej said the FMCG market has been growing at 15 per cent and the company expects to better the industry growth, he however, said increasing input costs such as packaging and freight cost have forced the FMCG companies to hike prices of products. The company had already increased its soap prices earlier.
However, he declined to comment on similar price hike in other segments. The group is intensifying its focus on real estate through group company Godrej Properties.
ADVERTISEMENT
"We are developing about 20 million square feet of properties including Maharashtra, Hyderabad and Bangalore and several have been completed," he said.Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
