Jyothy Laboratories eyes regional fabric care brands.

from BUSINESS LINE, February 24, 2011 Mumbai, Feb. 23 - Mumbai-based Jyothy Laboratories has set aside Rs 300 crore to acquire more regional fabric care brands. Targeting small regional companies in the pre-and-post wash segment, the Rs 800-crore FMCG company is busy scouting for brands which can go national in the long run.

Speaking to Business line, Mr Ulhas Kamath, Deputy Managing Director, Jyothy Laboratories, said: "We are a debt-free company and will not be borrowing money to buy brands. There is extra cash of Rs 300 crore in our balance sheet and this forms part of the internal accruals and QIPs which will help us in acquiring more fabric care brands." In the past, …