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Marico eyes acquisitions of up to Rs 1,000 cr

18 Jan 2012 Evaluate

Marico is looking at acquisitions worth up to Rs 1,000 crore both in the domestic and overseas markets as part of its strategy to maintain a growth of 26-27 per cent in the coming years. The company announced that though inflationary pressure has started to ease, it is too early make any price corrections since the input costs are still high. The company will tap new opportunities available through acquisitions. Asked about the size of the acquisitions that the company is targeting, the company indicated that the range of the acquisition would be anywhere between Rs 200 crore and Rs 1000 crore. However, the company declined to give a time frame but indicated that the firm would look for companies and brands in the beauty and wellness segments.

Last year, Marico had acquired 85 per cent stake in Vietnamese firm International Consumer Products for an undisclosed sum. In 2010, the company had bought hair styling brand 'Code 10' from Colgate-Palmolive apart from buying out the aesthetics business of Singapore-based Derma Rx Asia Pacific (Derma Rx) in the same year.

Marico Share Price

757.05 12.20 (1.64%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
AWL Agri Business 185.05
Patanjali Foods 469.15
Gokul Agro Resources 205.75
Marico 757.05
BCL Industries 33.44
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