Dabur’s entry into the spice market, bets on Badshah, a deal worth Rs 587 crore

FMCG giant Dabur has announced to buy 51 per cent stake in Badshah Masala Pvt Ltd. The deal is valued at Rs 587.52 crore, of which Badshah Enterprises is valued at Rs 1,152 crore. With the completion of this deal, Dabur will enter the spice market of Rs 25,000 crore. Let us tell you that Badshah is engaged in the business of manufacturing ground, mixed spices to export.

What Dabur Chairman Said: Announcing the acquisition, Mohit Burman, Chairman, Dabur India said that it is a huge and attractive market. Badshah Masala is one of the leading players in this segment. He added that Dabur’s investment in Badshah Masala will help in expanding this business and continue to provide high quality products.

According to Burman, we intend to leverage our international market presence to take the spice business globally. Dabur India Group Director PD Narang said the acquisition is expected to be completed within this financial year.

September quarter results: Dabur India’s net profit declined 2.85 per cent to Rs 490.86 crore in the July-September quarter. However, the company’s operating income grew six per cent to Rs 2,986.49 crore in the second quarter of 2022-23. Dabur India’s total expenditure also increased by 8.94 per cent to Rs 2,471.28 crore.