Dabur aims Rs 5,000 cr turnover on more buyouts

FMCG player Dabur is looking for more acquisitions in the personal and healthcare segments as part of its strategy to achieve revenue of Rs 5,000 crore by the next fiscal. The company expects to close this fiscal with revenue of Rs 4,000 crore. The deal size could be in the range of Rs 50 crore to Rs 500 crore depending upon the brand and the company.

In January this year, the company made its second overseas acquisitions by buying out US-based personal care firm Namaste Group for $100 million (about Rs 451 crore). In September, 2010, the company had completed acquisition of Turkish personal care firm Hobi Kozmetik Group for $69 million (about Rs 324 crore) to strengthen its presence in the Middle East and North Africa.crackcrack