New Delhi: Godrej Client Goods Limited has set a motivated aim of evolving Ten times over the next Decade from its present turnover of over Rs 4,850 crore through acquisitions over and above typical expansion in both domestic and universal markets.
“We wanna be Ten times as in size in Decade time, which is a compound twelve-monthly evolution rate of about Twenty Six per cent,” Godrej Client Goods Limited (GCPL) Chairman Adi Godrej said in an analyst call.
Elaborating the strategy, he said: “We desire to reach about Fifteen per cent to Twenty per cent natural evolution and the balance through inorganic evolution.”
GCPL’s net sales for the financial 2011-Twelve stood at Rs 4,850.94 crore, while its net income for the financial stood at Rs 726.72 crore.
The homegrown FMCG major has been fast extending internationally and in the past few years it has been obtaining organizations and trademarks in universal markets like Indonesia, South America and Africa.
The most recent was in January that year when GCPL got Sixty per cent stake in Chilean hair colour firm Cosmetica Nacional for an undisclosed amount.
GCPL had primarily concentrated on hair treatment and household insecticide space for its acquisitions. In 2010, GCPL had purchased out Latin USA’s Issue Group, a market leader in hair-colour in Argentina, Peru, Uruguay and Paraguay. In less than 2 weeks time, the firm got different Argentinian hair treatment corporation Argencos.
The corporation has in addition distinguished Africa as a key market for evolution and is targeting to be the biggest Indian FMCG firm on the continent.
“..Our desire is to be the biggest Indian FMCG corporation in Africa too. You have different Indian FMCG organizations which are in Africa, however Godrej Consumed goods will be the biggest there,” GCPL Managing Principal A Mahendran said.
For the financial ended March Thirty One, 2012, Africa played a part Twenty Three per cent to the GCPL’s universal business. The corporation has presence in different African states incorporating South Africa and Nigeria.
Last year GCPL had extended operations in Africa with the acquirement of a Fifty One per cent stake in African hair treatment corporation Sweetheart Group Holdings, which operates in Fourteen states across Africa, vending hair extension goods under brands like ‘Sweetheart’ and ‘Amigos’.
In FY 2011-Twelve, GCPL’s sales from its general universal markets of Asia (ruling out India), Latin USA, Africa and Europe stood at Rs 513 crore.
GCPL’s portfolio incorporates trademarks for example Fine Knight, Cinthol, Godrej No.1, Professional, Hit, Jet, Fairglow, Ezee, Snuggy and Protekt.
PTI
First Published: Sunday, May Twenty, 2012, 15:53