Reckitt plans organic and inorganic growth
Reckitt Benckiser is reviewing some options in its core areas of operation-household care, personal care and OTC pharma products.
By ET Bureau |
KOLKATA: FMCG major Reckitt Benckiser is exploring acquisitions in India. It is already reviewing some options in its core areas of operation���household care, personal care and OTC pharma products. The company is also eyeing over 20% growth in India.
Reckitt Benckiser India chairman and managing director Chander M Sethi said the company had identified both organic and inorganic growth opportunities. ���Acquisition has been a global strategy and we are now evaluating such options in India as well. We are looking at various options that include both brands and companies,��� he said.
However, Mr Sethi declined to comment on specifics about the acquisition. The company has recently ventured into the air freshner category by launching Air Wick in India.
���We may roll out more such brands from our global basket next year. While we have a big presence in food category in the US, there are no plans to launch them in India,��� he said.
Reckitt Benckiser is very cautious in increasing its product prices due to inflationary trend in the market. Mr Sethi said Reckitt Benckiser is the second-largest advertiser in India, next only to HUL.
Reckitt Benckiser India chairman and managing director Chander M Sethi said the company had identified both organic and inorganic growth opportunities. ���Acquisition has been a global strategy and we are now evaluating such options in India as well. We are looking at various options that include both brands and companies,��� he said.
However, Mr Sethi declined to comment on specifics about the acquisition. The company has recently ventured into the air freshner category by launching Air Wick in India.
���We may roll out more such brands from our global basket next year. While we have a big presence in food category in the US, there are no plans to launch them in India,��� he said.
Reckitt Benckiser is very cautious in increasing its product prices due to inflationary trend in the market. Mr Sethi said Reckitt Benckiser is the second-largest advertiser in India, next only to HUL.
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