"We are always open to acquisition opportunities... certainly the intentions are there, but there is nothing specific presently," Marico's Chief of HR and Strategy, Milind Sarwate, told PTI here.
"Funds would be no constraint for the right buy," he added. Marico was open to acquisitions in its core business areas of skin and hair-care and health, he said. The acquisitions could be in both domestic or international markets, he said.
The company is betting big on its international business and plans to increase its contribution to close to 20 per cent of its total revenues this fiscal.
"Last year, our international business contributed around 15 per cent to our total revenues. This fiscal (FY09), this should increase to 18-20 per cent," Sarwate said.
With a presence across several geographies such as Africa where the company sealed an acquisition