Mumbai: Personal care and food products maker Dabur India Ltd is interested in buying firms in the US, Europe, U.A.E. and parts of Africa and has earmarked $250-$500 million, a senior company official said on Thursday.
It expects net profit to rise 25% on a revenue growth of 22-25% for the year to March 2010, vice chairman Amit Burman told reporters on the sidelines of a conference.
Net profit margins for the current fiscal is seen improving by 3-4% over last year, as the Dabur’s recent acquisition of Fem Care helps save some costs, he said.
The firm also plans to invest Rs250-500 million over two years on expandings its retail store network in the country, he added.