FMCG player Emami is looking for acquisitions in the personal healthcare business.
“We are eyeing potential acquistions in that space,” Aditya V. Agarwal, director, Emami group, told Hindustan Times, adding that ‘it may be in the region of Rs 500 crore’. This may be Emami's second big acquisition after it bought over 90 per cent stake in Zandu Pharmaceuticals.
“After the Zandu acquisition, we are looking to realign our Rs 700 crore FMCG business-the biggest in terms of revenues, for our group, which also operates in real estate, hospitality among others,” Agarwal added.
Agarwal insisted that FMCG business remains the focus area for Emami, and in the months to come, the company would concentrate on strengthening Zandu's Chyawanprash brands, while aggressively growing its own Sona Chandi Chyawanprash.
Emami's FMCG business will also soon launch 'Healthy & Fair' baby range of products such as baby talc, soap and body oil.
The range is expected to contribute to about Rs 15 crore in revenue in the first year of operations, Agarwal disclosed.