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Emami Limited
Kolkata-based FMCG major Emami Ltd on Saturday said it has acquired 19 per cent equity stake in direct-to-consumer (D2C) nutrition firm Tru Native F&B Pvt Ltd. Tru Native F&B markets nutrition products under the brand TruNativ, targetted at health and fitness enthusiasts. Emami did not reveal financial details of the deal. Commenting on the acquisition, Emami Ltd Director Harsha V Agarwal said, "With health and wellness being the buzzword for consumers today, we see tremendous potential in the nutrition segment. 'TruNativ' product offerings are very unique as they are based on real consumer habits and issues." He further said, "We are excited to enter this segment which is in line with our investment strategy and look forward to add meaningful value to the brand." Tru Native Founder Pranav Malhotra said as the consumers adopt a preventive approach in the aftermath of the pandemic, there has been a significant uptick in demand of protein, fibre, vitamins along with healthy food
Emami Ltd, known primarily as a company to have grown its portfolio and market share by means of acquisition in segments it hitherto wasn't present, is further eyeing acquisitions this year to grow its healthcare and personal care products."We are open to acquiring both small-sized as well as big companies provided the brand value and the business model is good. We can acquire companies which has a Rs. 50-500 crore turnover", Harsh V. Agarwal, director at Emami Ltd said after the company's annual general meeting here.Asked if the Goods and Services Tax (GST) has opened up more possibilities for the company to make acquisition of smaller companies which has been able to build a brand over the years, he said, "We are open to acquisitions in both these spaces".Analysts feel that as a result of GST, which calls for tighter compliance norms, several companies in the consumer goods space will be up for grab by larger FMCG (fast moving consumer goods) companies which might try to take-over ..
Demonetisation, together with the slowdown in its international business, pulled down Kolkata based Emami Ltd's consolidated revenue by 4.3 per cent at Rs. 578 crore for the quarter ended March 31, 2017, even as it was able to hold its profit margins, which remained flat at Rs. 83 crore.During the January-March period of the 2015-16 fiscal year, Emami Ltd reported a net profit of Rs. 82 crore while its total income stood at Rs. 604 crore. "Notwithstanding cautious market sentiment post the demonetization drive, we are happy to announce a modest quarter performance as compared to the overall muted industry environment", the company's director, Harsha V Agarwal said.In a statement, the company said its domestic revenue was affected by the disruption in trade channels post demonetization while international revenue took a hit on account of geopolitical situation.While the company's domestic revenue grew by three per cent at Rs. 487 crore during the Q4 period of the last fiscal year, ...