Dabur India seeking acquisition in D2C health/personal care space
CEO Mohit Malhotra announced the decision during a post-results Investors' Conference Call
Indian FMCG giant Dabur is looking to acquire a direct-to-consumer brand in the healthcare and personal care space, said its CEO Mohit Malhotra.
He made the disclosure during a post-results Investors' Conference Call. The acquisition, said Malhotra, will help Dabur increase its performance in the fast-growing premium segment and also strengthen its "urban play."
The FMCG major's consolidated net profit in the quarter ended June 2023 was up 3.5% YoY. Its consolidated revenue in Q1FY24 increased 11% and revenue growth stood at 13.3% in Q1FY24.
