Emami expects 20% growth in 2013-14

Our focus is on two segments healthcare and personal care products, says company director Harsh Agarwal

FMCG company Emami is expecting to clock 20% growth during the current financial year, an official said.

"Last fiscal, the company grew by 17%. This fiscal, we expect to have a growth of 20%," company director Aditya Agarwal told reporters after the company's AGM here today.

Emami has interests in healthcare and personal care products.

"Our focus is on the two segments in which we are operating now. But we are also evaluating other categories as well," Harsh Agarwal, director, of the company said.

He said the company was looking at acquisitions of brands both in the country and overseas. "The company has a good warchest."

Agarwal said Emami would set up a new manufacturing plant at Assam.

The company today reported an increase of 30.18% in consolidated net profit at Rs 60.68 crore for the first quarter ended June 30, 2013, on account of robust sales across various business verticals.