Marico MD and CEO Saugata Gupta says the company would look at potential Rs100 crore opportunities and introduce variants of existing brands. Likewise, in hair—there are solutions for damaged hair, hair fall and the entire continuum of nourishment—serums and hair oils. Patanjali is also in the hair oil market, where Marico needs to protect its turf. Stepping on the gasAll the same the packaged consumer goods sector’s performance has been mixed over the past three years. Among the shares of consumer goods companies, Marico outperformed the industry leader.

Source: Mint September 18, 2016 19:18 UTC