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Examples
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Meanwhile, other majors such as Marico and Emami are evaluating their growth opportunities after the monsoon.
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For example, firms such as Marico and Godrej Consumer Products have the expertise in catering to emerging-market consumers in ways that Western multinationals don't, from coping with difficult distribution logistics to creating products that are affordable to the very poor.
MoneyWeek RSS - All 2010
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That's why Indian players such as Marico, Dabur India and Godrej Consumer have seen a sharp expansion in their PE multiple to 25-30 times over the past year.
unknown title 2009
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Marico could use the cash to either lower debt or fund an acquisition.
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Marico hiked prices of its Parachute (in January) and of Saffola (in February) products.
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Marico has not revealed the price at which it sold the brand to Cargill India Pvt. Ltd. Sweekar -- with brand revenue was about 1 billion rupees, according to a research note by Emkay Global Financial Services Ltd -- had ceased to be a focus for Marico, and was selling on what the company management called its residual brand equity.
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This area contributes 7-8% to Marico's turnover and some loss in revenue will be visible.
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When Marico acquired coconut oil brand Nihar in 2006, it paid about 2.2 billion rupees to buy a brand with 1.2 billion rupees in revenue.
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The Street certainly thinks that Marico Ltd got a good price for Sweekar, its sunflower oil brand.
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Marico's share price on Monday gained by about 3% over Friday's close.
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