26.6.08

Himalaya Drug Company takes a Global view

Ayurvedic medicine maker Himalaya Drug Co., which also markets nutritional supplements and personal care products, plans to ramp up its retail operations and introduce new categories of skin care and male-grooming merchandise..
India’s largest consumer products company, Hindustan Unilever Ltd, is the market leader in the skin care category with a market share of around 55% in a segment that is becoming more competitive.Last year, local arms of multinationals such as Procter and Gamble Co., L’Oreal and Nivea launched several anti-ageing skin care products while domestic companies, such as Wipro Ltd’s Wipro Consumer Care and Lighting unit, Dabur India Ltd and Elder Health Care Ltd, have either entered, or are planning to enter the male-grooming market soon.
With its global business now contributing about 30% to the total annual revenues of $200-250 million (Rs856-1,070 crore), Himalaya claims it is aiming to be among the Top 5 consumer product companies in most of the 65 countries it is present in.Apart from increasing its shipments and expanding product portfolio abroad, the company also plans to open its Himalaya Herbal Healthcare chain of stores overseas.The company has some 125 stand-alone stores and about 200 outlets under the shop-in-shop format.
Himalaya is also opening a US food and drug administration (FDA)-compliant unit in India to make sure its products meet the stringent FDA norms, especially in the US, after harmful levels of lead, mercury and other metals were found in some Ayurvedic products there.With these initiatives, Himalaya hopes to achieve half of its total sales from overseas.In India, the company launched an online shopping website for all its products last week.

No comments: