Emami to buy stakes in brands to strengthen premium grooming segment

FMCG major Emami Ltd is looking to strengthen its presence in the men’s online premium grooming segment and committed to making strategic investments in the same, said a top company official.
 
Emami to buy stakes in brands to strengthen premium grooming segment - Fair and Handsome

Emami is looking at making investments in acquiring strategic stakes in new age companies in order to boost its men’s grooming segment to cater to the growing demand.
 
“Investing in new-age start-ups has been another highlight in the business strategy of your company. Sole focus on a conventional organic route has the potential of lost opportunities while acquisitions also have their own set of challenges,” its Chairman R.S. Agarwal told shareholders at the 35th Annual General Meeting of the company.
 
“Hence, your company decided to go forward with prudent strategic stakes in new age companies dealing in online premium male grooming and professional salon products,” he said.
 
“With annual growth of 14 percent last year, the company is poised to expand its portfolio in key markets by launching new products,” Agarwal added.
 
Emami Limited had witnessed a huge jump in its consolidated net profit at Rs 27 crore ($4 million) for the first quarter ended on June 30, 2018, led by growth in revenue and volume.
 
Founded in 1974, Emami Limited is one of the leading personal and healthcare businesses in India, with a portfolio of over 300 products. It currently has operations in more than 60 countries including GCC, Europe, Africa, CIS countries and the SAARC.

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