Inside Companies: Godrej Consumer still hungry for buyouts

Nachiket Kelkar
Moneycontrol.com

Godrej Consumer Products, which makes hair colours and dyes, apart from Goodnight mosquito repellants and Cinthol soaps among other popular FMCG products, has acquired eight companies overseas in the last six years, with five of those in the last 17 months alone. But the company's quest for more buys continues.
GCPL reported a consolidated net profit of Rs 172.6 crore for 2008-09 fiscal on revenue of Rs 1,392.9 crore. Last fiscal (2010-11) its consolidated net profit was Rs 514.71 crore on revenue of Rs 3,676.32 crore. The company's net profit and revenue have risen almost three-fold as it embarked on an acquisition spree.
Some of its recent acquisitions include beauty and personal care brand Tura in Nigeria in March 2010, Indonesia