Dabur can buy more firms: Duggal

Dabur India CEO Sunil Duggal today said takeover would be a significant part of the company's growth strategy as it had the resources to acquire fairly  "large-sized companies."

"Acquisitions would form an important part of our growth strategy. However, it should fit our portfolio and serve to build on strategic growth," Duggal said.

Defining large companies as those having a turnover of Rs 200-400 crore, Duggal said there could be competition for such entities in the home care sector from other FMCG majors and MNCs, but Dabur would pitch in as and when it finds a suitable company.

"There is nothing hot now, but we will always consider any such property. It will not be easy as there will be intense competition as the sector is showing fast growth," Duggal said.

Dabur borrowed Rs 23 crore for completing the Rs 143 crore Balsara deal. Duggal said the company hoped to become become virtually debt-free by the end of the current financial year.

"The margins and healthy growth would soon make our cash position comfortable for any future acquisitions," he said, adding that the company could leverage resources to raise more funds.