The consumer sector saw over $2.5 billion worth of private equity funding and acquisitions in the last three years, data sourced from investment bank Avendus showed. The trend is likely to continue as large companies snap up smaller entities to enter newer categories.
"Even companies that have acquired in the last two years—none of them is saying that we are going to pause and integrate and then do more M&A. All of them, as we speak, are open to opening their wallets and acquiring more," said Abha Agarwal, managing director, Avendus Capital.
Over an earnings call Wednesday, Sudhir Sitapati, managing director and CEO, Godrej Consumer Products Ltd (GCPL) said the company continues to look for opportunities in the health and beauty segment while building its core portfolio. Last year, GCPL acquired the fast moving consumer goods business of Raymond Consumer Care Ltd for ₹2,825 crore.
"Our number one priority is to master our existing categories. As and when we find genuine ways to solve a problem in health and beauty—our vision is to bring the focus on health and beauty in emerging markets. Particularly, in India, as and when we find opportunities in health and beauty we will evaluate it. Our thesis is based very much on developing categories that we are present in including liquid detergents," Sitapati said.
هذه القصة مأخوذة من طبعة February 05, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 05, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
7 myths about ADHD and how to handle it
Some adults with ADHD are misdiagnosed as having anxiety or depression as myths prevail even in the medical community
Why women bear the brunt of misdiagnosis
Girls are half as likely as boys to be diagnosed correctly as having ADHD, show studies
At these international marathons, it's ready, steady, swig
Can running and drinking go together? From France to Scotland, here are five races where running is a merry party
Indian IT firms should brace for Trump's second term
Restrictive visa, trade and other policies under Trump 2.0 may force a review of their US-centric business models
Freebies don't offer a long-term solution but let us not ban them
Keeping citizens dependent on handouts is not fiscally sustainable. India needs a transparent framework to regulate them
Is Nvidia's chief dreaming of selling us R2-D2-like robots?
It may turn out to be a good bet if the chip-maker keeps its risks low
Two ways the EPFO can get itself an image boost
India's state-run retirement fund would do itself a favour by resolving its high level of claim rejections and speeding up interest payments. Its digital makeover should signal efficiency
Forex card vs debit card: How to lower cross-border markup fees
Unlike debit cards, forex cards are not linked to your bank account, limiting your exposure to fraud and theft
India must reassess its rejection of the RCEP trade bloc
Joining it can work in our favour as global trade barriers get reshaped and value chains are forged
Armed hostility between Israel and Iran is very likely to escalate
Israel senses a high-risk high-return chance to reshape West Asia that Trump might green-light