Sizzling Show By India Inc.’s Emerging Firms
Over 10 years, cumulative topline of The Next 500 club nearly doubles to ₹10.62 lakh crore even as profit quadruples to ₹60,000 crore.
Over 10 years, cumulative topline of The Next 500 club nearly doubles to ₹10.62 lakh crore even as profit quadruples to ₹60,000 crore.
With a strategy which seeks to close the gaps left by the big players, India’s mid-sized FMCG companies have found their sweet spot.
How legacy FMCG companies staged a comeback in their battle with new-age brands by investing in data-led strategies, acquisitions and premium product portfolio.
According to Harsha Vardhan Agarwal, vice-chairman and managing director, Emami, investing in new-age companies is a good way to foray into newer categories.
This transaction is an important step in our group’s stated objective of becoming debt-free and with this transaction, we will substantially achieve this objective, said Emami Group.
The Kolkata-headquartered group is working on a strategy to repay debt raised for other businesses, while trying to bring down pledged promoter holdings in its FMCG company.
The war for Fortis, Havells’ big switch to consumer durables, Emami’s new act, and more from the June, 2018 issue.
With competition nipping at its heels, Emami is entering new segments and pumping up its e-commerce business.
With products available in over 60 countries, Kolkata-headquartered Emami is steadily expanding its footprint overseas. And Iran is its next stop.
The Q4 operating revenue of the Kolkata-based company stood at Rs 616.98 crore