Wipro Consumer Care Continues To Explore Organic, Inorganic Growth Strategy
Wipro Consumer Care & Lighting will continue to scout for acquisitions in the FMCG sector in domestic and South Asian markets besides growing organically as part of its growth strategy, a top company official said.
Besides, the company which owns brands such as Santoor and Chandrika, is expanding its footprints in the north and east regions and is also increasing its product portfolio. It has a good presence in the southern and western India.
Wipro Consumer Care & Lighting is also leveraging its Ayurvedic soap brand Chandrika to cash in on the current trend of organic products in FMCG segment and has plans to introduce more in the market under the brand name.
"We have already extended (Chandrika) to handwash, face wash and hair oil. Now we are leveraging that equity in more categories as the trends picks up," Wipro Consumer Care & Lighting President Consumer Care - India & SAARC Business Anil Chugh told PTI.
Founded in 1945 as a vegetable oil company, Wipro Consumer Care & Lighting has now presence in over 40 countries and has done eleven acquisitions in the last fifteen years to expand its business.
The company as part of its growth strategy, is banking on both - organic and inorganic growth.
"Its a mix of both --organic and inorganic growth plan - which we want to pursue," said Chugh.
On being asked as whether the company evaluating the opportunities for inorganic growth, Chugh said: "Yes, we keep on doing".
Some of the acquisitions by the company include:
Glucovita in 2003
Unza in 2007
Yardley (for Asia, Middle East, North Africa and Australasia) in 2009
Yardley UK in 2012
L D Waxsons Group in 2012
Zhongshan Ma Er Daily Products Ltd. in 2016.
Wipro Consumer Care & Lighting has a "fairly big presence" in countries like China, Malaysia, Indonesia, Vietnam and the Middle East, apart from India, he added.
It reported annual revenue of Rs 7,150 crore last year, and has a growth rate close to 8 percent.
According to Chugh, the company will focus on South Asian markets and the emerging nations besides the domestic market.
"The plan is to grow in all the countries," he said, adding "our objective is to grow higher than the market growth rate and in India specifically, the categories where we are in, we want to gain market share..."
It has plans to "consolidate the position in personal wash - where we are fairly big and continue to gain shares there," he said.
"Santoor is a big brand and we have leveraged Santoor equity in a lot more categories such as handwash, bodywash, talcum powder. We will continue our game plan of organically and inorganically, and we would consolidate our position," he said.
It will also consolidate its position in homecare with its brand Softouch and Safewash.
The company also has presence in the lighting space only in the Indian market.
Wipro Consumer Care business operates in segments such as soaps, toiletries, personal care products, wellness products, electrical wire devices, domestic and commercial lighting and modular office furniture.
Wipro Consumer Care & Lighting has sixteen manufacturing facilities in five countries - India, China, Malaysia, Indonesia and Vietnam.