In a bid to strengthen its fast-moving consumer goods portfolio, Jyothy Laboratories is reportedly planning to acquire regional brands for around Rs 500 crore. The acquisitions could be brands in adjacent categories like hair care and body care, where the company is not present currently.
Recently, the company had raised Rs 263 crore through a preferential allotment late last year, and is now ready to use the same for acquisitions.
Jyothy Laboratories is one of the leading players in the mid and economy segments of the FMCG industry having its presence in Fabricare (Detergents/soaps for clothes), Household Insecticide (Repellent coils/liquid or spray) Dishwashing products/Toilet cleaners, Personal care (Toilet soap) and Others (Incense sticks).
Recently, the company had raised Rs 263 crore through a preferential allotment late last year, and is now ready to use the same for acquisitions.
Jyothy Laboratories is one of the leading players in the mid and economy segments of the FMCG industry having its presence in Fabricare (Detergents/soaps for clothes), Household Insecticide (Repellent coils/liquid or spray) Dishwashing products/Toilet cleaners, Personal care (Toilet soap) and Others (Incense sticks).
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