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Godrej Consumer Products Ltd, which recently completed the acquisition of a 51 per cent stake in Darling Group Holdings — an African hair-care company — will for the next two to three years focus on consolidating its business in the domestic and other developing markets such as Africa and Latin America, said Mr A. Mahendran, Managing Director of the company.
The last three years were the years of acquisitions for the company.
“We have invested close to Rs 4,000 crore in those acquisitions. So, we want to consolidate our presence in those new markets and then will probably be looking at organic growth of our new businesses as well,” he told Business Line.
He said Godrej Consumer Products has been growing at 20 per cent year-on-year and “we would like to keep the momentum up.”
Price hike
Answering a question on whether the company would consider increasing its products prices to manage cost, he said the company at present is not considering any price increase.
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