Emami eyeing 25 percent sales growth this fiscalAugust 1st, 2008 - 8:00 pm ICT by IANS
Kolkata, Aug 1 (IANS) The Rs.16 billion FMCG player Emami Ltd plans 20-25 percent revenue growth this fiscal, a top company official said here Friday. “We plan 20-25 percent topline growth this fiscal. Last fiscal, sales of the company stood at Rs.5.85 billion,” Emami Group director Aditya V. Agarwal told reporters at a product launch.
“Power brands, brand extensions and new launches will help in sales growth,” he said. “We will come up with whole new range of baby products by this year end.”
The company already manufactures baby oil, and is now planning to emerge as a bigger player in this sector by launching baby powder and cream by this year-end.
Agarwal said Emami is targeting Rs.300 million revenue in baby products sector over the next two years.
At present, the total market size of baby products in India is around Rs.4 billion.
It also plans to launch another three-four products in the coming four to five months, and spend Rs.1.50 billion this fiscal on brand building and product development, he said. Last fiscal, the company had spent Rs.1.25 billion.
Among other plans, Agarwal said Emami would go for acquisitions in personal and healthcare segments in the UK and South Africa, and that it was in “advanced stage of talks” with companies in these countries.
Two months back, Emami had bought 27.5 percent stake in Ayurvedic products major Zandu Pharmaceutical.
It made an open offer to pick up 20 percent more stakes in Zandu, but has not received clearance from the market regulator yet.
At present, the company exports to the Commonwealth of Independent States (CIS), West Asia, Africa and some parts of Europe.
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