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.
Esta historia es de la edición February 05, 2024 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 05, 2024 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
World Bank calls for reforming skills training in India
India must make a coordinated effort to reform and rebrand vocational skill training, besides aligning education with the job market, to leverage its demographic advantage to meet the $5-trillion target for its economy, the World Bank said.
FCPA cases take long to conclude after indictment
For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience.
Short-covering, relief rally add ₹7.27 trillion wealth
Markets up 2.39% to hit the highest in six months, a day after Adani's indictment
Wetter monsoon slows pace of adding new transmission lines
India's addition of new power transmission lines fell by half over a year earlier in the April-October period as a wetter-than-usual monsoon slowed work.
COP29's $1.3 tn fund plan disappoints Global South
The 29th edition of the UN climate change conference in Azerbaijan emerged from a deadlock with an annual climate finance goal of $1.3 trillion for developing countries, much to the disappointment of the Global South.
Jaguar rebrand is pink, diverse and doesn't feature any cars
Luxury automaker Jaguar is betting that a colorful and youthful rebrand will help it successfully launch fully into the electric-cars market.
Services up as manufacturing slows in Nov
The HSBC Flash India Services PMI was at 59.2 in Nov from 58.5 in Oct; manufacturing PMI fell slightly from 60.4 to 60.2
MSMED may protect medium firms too
The Centre may consider including medium enterprises for the protection granted under MSME Development (MSMED) Act, 2006, to resolve payment disputes.
Europe boosts Indian textile exports in FY25
Demand for Indian handloom, apparel partly fuelled by Bangladesh crisis
RBI nudges banks to cut speculative bet in rupee
The Indian central bank, in a rare move, instructed some banks to cut their long positions on the dollar-rupee pair on Friday, seeking to curb speculative positions with the currency at a record low, four bankers familiar with the development told Reuters.
