As part of its strategy to acquire niche regional brands to boost its presence in hair care segment, FMCG major Dabur India is eyeing two popular brands-the Kolkata based GD Pharmaceuticals-controlled Boroline’s Eleen and Dey’s Medical-owned Keo Karpin, as mentioned in few media reports.
The company which is planning to boost its presence in the over-the-counter (OTC) category, which could happen organically or through acquisitions, can spend around Rs 500 crore on domestic acquisitions.
Dabur India has posted a rise of 11.76% in its net profit at Rs 154.97 crore for the quarter as compared to Rs 138.66 crore for the same quarter in the previous year. Total income has increased by 19.37% at Rs 1064.40 crore for quarter under review as compared to Rs 891.65 crore for the quarter ended September 30, 2011.
