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Piramal eyes 3rd spot in domestic OTC market by 2019

Consumer Products division has grown by 44% in 9 months to December 2016

Sohini Das  |  Ahmedabad 

Having grown from the 40th position in 2007 to the 5th currently in India's Rs 14,000 crore OTC market, Piramal Consumer Products has not only done well, but is now hoping to become one of the top 3 players in this segment by 2019, a year ahead of its target. Buoyed by a string of acquisitions last year, the consumer products division actually grew by 44 per cent in the last nine months. The organic segment of its business has grown by 20 per cent while overall CAGR in the last seven years has been around 24 per cent. It had ended FY16 with a topline of Rs 397 crore. Kedar ...

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