Major consumer goods producer Dabur India Ltd., which is owned by the rich Burman family, is looking to expand its position in Southeast Asia and domestically as it faces fierce domestic competition.
The 139-year-old company, which sells herbal products like toothpaste and shampoo in addition to traditional Ayurvedic medicines, is currently evaluating other targets in the health, food, and personal care sectors in those markets, according to Chief Executive Officer Mohit Malhotra. This is in response to its $71 million acquisition of spice producer Badshah Masala Pvt Ltd. in October.
The expansion takes place as wealthy competitors, such as global consumer giant Unilever Plc, are escalating their rivalry against Dabur by swooping in on up-and-coming Indian businesses.
Strong Indian corporations led by Mukesh Ambani and Gautam Adani, two of Asia’s richest men, have ambitious intentions to expand in the domestic retail sector, and Tata Consumer Products Ltd. is trying to expand its portfolio through acquisitions.
