Godrej focuses on developing markets

Godrej Consumer Products Ltd, which recently completed the acquisition of a 51 percent stake in Darling Group Holdings, an African hair-care company, will focus on consolidating its business in the domestic and other developing markets, such as Africa and Latin America, for the next two to three years, reports company. The last three years were the years of acquisitions for the company.

“We have invested close to Rs 4,000 crore in those acquisitions. So, we want to consolidate our presence in those new markets and then will probably be looking at organic growth of our new businesses as well,” says A. Mahendran, Managing Director, GCPL.