FMCG major Dabur India is planning to double turnover to Rs 4,000 crore and net profit to Rs 400 crore in the next four years. This is part of the company's growth vision for 2010.The company's top executives also said that acquisition of brands and companies - within and outside India - would be an integral part of the growth strategy.Sunil Duggal, CEO of Dabur India, said: "Where we have infrastructure, like in India, we will buy brands, and where we don't, like abroad, we will buy companies."The company's growth ambitions will be achieved using a three prongedstrategy - expansion, acquisition and innovation, Duggal added.P D Nararng, director of Dabur India, said lack of debt in the company's balance sheet provided it an opportunity to leverage and raise debt capital to fund acquisitions. "Though the war chest for now is Rs 100 crore, we can raise up to Rs 1,000 crore should the need arise," Narang said.With only three days from the close of the current financial year, company executives indicated that the turnover for the current fiscal could be in the vicinity of Rs 2,000 crore. In 2004-05, the company had reported consolidates sales of Rs 1,537 crore - indicating a growth of 30%.On the domestic front, Duggal said focus on the south Indian markets is set to get sharper with possibilities of products specially developed for the region. Without indicating the new products set to be launched in the southern markets, Duggal said: "Even our media spend in the south is set to increase. With four different languages, (media campaigns) are more expensive in the south. The new products will be first launched in south and later brought to the north."The contribution of the southern market is also set to increase from 6% to10% of revenue, and the target is to take it up to 15%, Duggal said.
