Danone plans to double India sales in 3 years

MUMBAI Thu Nov 29, 2012 4:02pm IST

Related Topics

Stocks

   

MUMBAI (Reuters) - French food group Danone (DANO.PA) plans to double its sales in India in the next three years, a company executive said, as the world's top yogurt maker raises focus on emerging markets to drive growth when its traditional European markets are slowing.

Danone early this year paid about $355 million to buy Indian drugmaker Wockhardt's (WCKH.NS) nutrition business that sells popular brands such as Dexolac, Farex and Nusobee. The brands compete with Danone's top global rival Nestle (NESN.VX).

"India's growth in nutrition sector will outpace China's (growth)," Laurent Marcel, managing director at Danone's India nutrition business unit, told reporters on Thursday. "We are here to expand, grow the business."

India's baby nutrition market is valued about 25 billion rupees, in which Danone holds about 8 percent share, he said. (Reporting by Kaustubh Kulkarni; Editing by Sunil Nair)

FILED UNDER:

Religion and Politics

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Hacking Attack

Hacking Attack

N.Korea says did not hack Sony, wants joint probe with U.S.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage