Media is abuzz with the news that Dabur India, country’s leading chain of personal care products, is on the verge of acquiring Fem Care, a FMCG and pharma company famous for its Fem bleach, for a hefty sum of Rs 3 billion.
When contacted, Dabur India spokesperson turned up saying the reports ‘merely speculative’. However, Fem Care officials remained unavailable to comment on the issue.
Dabur India marked a 18.4 per cent growth to Rs 699.30 crore in its second quarter ended September 30. Further, Dabur’s international business also grew at a rapid pace with the division recording a growth of 40.5 per cent. On the other hand, Fem Care posted a net profit of 46 million rupees on sales of 937.5 million rupees in the financial year ended March 30, 2008.