Emami’s Agarwal Says Edible Oil Sales to Double by March 2013
Aditya Agarwal, a director at Emami Ltd. (HMN), an Indian maker of skincare products and traditional pain balms, comments on new products and expansion plans for the company’s edible-oil business.
He spoke in an interview in Kolkata yesterday, where the company is based.
“We expect group sales of about 50 billion rupees in the financial year started April 1, from 37 billion rupees now. Our key growth drivers will be the edible-oil and FMCG businesses.
‘‘We plan to invest 5 billion rupees to expand edible-oil capacity to 3,500 tons per day from 1,000 tons now. Money will be raised through debt and internal cash generation.
‘‘Sales from the edible-oil business may more than double to 35 billion rupees in the financial year ending March 2013, from 15 billion rupees now.
‘‘We also plan to introduce more personal-care products and foray into the ready-to-eat foods category like biscuits and snacks in the next 2 to 3 years.’’
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