Dabur India has signed definitive transaction agreements to acquire 51% shareholding of Badshah Masala, which is engaged in the business of manufacturing, marketing and export of ground spices, blended spices and seasonings. This acquisition is in line with Dabur's strategic intent to expand its Foods business to Rs 500 crore in 3 years and expand into new adjacent categories. This also marks Dabur's entry into the over Rs 25,000 crore branded spices and seasoning market in India.
Dabur is acquiring 51% stake in Badshah for Rs 587.52 crore, less proportionate debt as on October 26, 2022 with the Badshah enterprise being valued at Rs 1,152 crore. This translates to a Revenue multiple of around 4.5x and EBIDTA multiple of around 19.6x of FY2022-23 estimated financials.
Dabur India is one of the largest FMCG Company in India.
Company Name | CMP |
---|---|
Hindustan Unilever | 2330.70 |
Godrej Consumer Prod | 1306.00 |
Dabur India | 538.75 |
Colgate Palmol. (I) | 2692.70 |
Galaxy Surfactants | 2584.10 |
View more.. |