Latest news with #MohitMalhotra
Hindustan Times
3 days ago
- Business
- Hindustan Times
NeoLiv sells 263 residential plots for over ₹300 crore in Haryana
Mumbai-based NeoLiv, a fund-led real estate developer, has sold 263 plots in its first residential project NeoLiv Grand Park in Kundli-Sonipat, Haryana, generating sales worth over ₹300 crore. NeoLiv said it has sold the entire inventory in its first debut project 'NeoLiv Grand Park' located in Sector 70 at Kundli-Sonipat, Haryana, generating sales worth over ₹300 crore. The project is spread across 19.46 acres and offered 263 plots for sale. The project is designed by world renowned Architect Hafeez Contractor and UK headquartered BDP India and includes a 3-acre urban forest and a 30,000 sq ft club, the statement said. Located in Sonipat, NeoLiv Grand Park lies within a few minutes from North Delhi and near the upcoming Delhi Metro Line, Delhi-Sonipat Rapid Rail, KMP Expressway and UER -2, the statement said. 'The overwhelming response to NeoLiv Grand Park reaffirms buyer's preference to place their trust in professionally driven and fund backed real estate developers with a deep understanding of consumer preference, meticulous -planning and high focus on delivering high quality products,' said Mohit Malhotra, founder and CEO of NeoLiv. NeoLiv is founded by Mohit Malhotra (former MD and CEO of Godrej Properties) and industry experts in partnership with 360 ONE, a wealth management firm with over $65 billion in assets under management.
Time of India
3 days ago
- Business
- Time of India
NeoLiv sells all residential plots in Haryana project, generates over Rs 300 crore in revenue
AI generated image Realty developer NeoLiv has sold all 263 residential plots in its debut project 'NeoLiv Grand Park' located in Kundli-Sonipat, Haryana, garnering over Rs 300 crore in sales. In a statement issued Tuesday, the Mumbai-based firm said the project, spread across 19.46 acres, witnessed demand nearly four times the available inventory, underscoring strong buyer interest, reported PTI. "The overwhelming response to NeoLiv Grand Park reaffirms buyers' preference to place their trust in professionally driven and fund-backed real estate developers with a deep understanding of consumer preference, meticulous planning and high focus on delivering high-quality products," said Mohit Malhotra, Founder and CEO of NeoLiv. The company was co-founded by Malhotra, the former Managing Director and CEO of Godrej Properties, along with other real estate veterans in partnership with wealth management firm 360 ONE. All NeoLiv projects are supported by a SEBI-regulated Alternative Investment Fund (AIF), providing customers with financial security and assurance of timely completion. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
3 days ago
- Business
- Business Standard
NeoLiv sells 263 residential plots for over ₹300 crore in Haryana
Realty firm NeoLiv has sold 263 plots for over Rs 300 crore in its residential project in Kundli-Sonipat, Haryana. In a statement on Tuesday, Mumbai-based NeoLiv said it has sold all inventories in its first debut project 'NeoLiv Grand Park' at Kundli-Sonipat, Haryana, generating sales worth over Rs 300 crore. The project, spread across 19.46 acres, offered 263 plots for sale and had received 4 times interest. "The overwhelming response to NeoLiv Grand Park reaffirms buyers' preference to place their trust in professionally driven and fund-backed real estate developers with a deep understanding of consumer preference, meticulous planning and high focus on delivering high-quality products," Mohit Malhotra, Founder and CEO of NeoLiv, said. NeoLiv, founded by Malhotra (former MD and CEO of Godrej Properties) and industry experts in partnership with wealth management firm 360 ONE. All NeoLiv projects are backed by a SEBI-regulated AIF Fund, ensuring financial security and timely project completion for customers.
Mint
17-05-2025
- Business
- Mint
FMCG firms have been hunting for deals. Their appetite is only growing bigger
India's cash-rich makers of staples to shampoos will press ahead with big-ticket acquisitions as they chase high-growth, premium targets to cushion themselves from an overall slowdown in urban consumption. Dabur India Ltd, Marico Ltd and Emami Ltd will continue to scout for mergers and acquisitions (M&As) that help them enter new categories such as premium personal care and wellness, build a digital-first portfolio, and expand reach in the traditional market, according to their earnings calls. 'If there is a new brand or a new category to be addressed, that is where M&A comes in and supplements our efforts of organic business with inorganic business," Mohit Malhotra, chief executive officer at Dabur India, said during the company's post-earnings call on 7 May. Also read: Ice cream brand Hocco eyes sweeter spread with $10 million fundraise and pan-India ambition Large fast-moving consumer goods (FMCG) makers built mass-market portfolios of soaps, salt, biscuits, shampoos and more for a broader reach. But new, urban consumers are increasingly buying skin serums, muesli, supplements, pet food and healthy snacks or beverages. Some new brands, especially online, are even gaining market share from incumbents. This shift is happening when demand for mass-market products has remained under pressure due to heightened inflation. Indian FMCG industry reported an 11% year-on-year value growth in the March quarter, while volumes grew 5.1%, according to data sourced from NielsenIQ. However, rural demand grew four times faster than growth in urban areas, where consumption further decelerated, it said. Rural demand primarily fuelled deals worth $2.1 billion in 2024, according to Jayakrishnan Pillai, partner at Deloitte India. The consulting firm expects 6-8% growth for the sector in 2025-2026 compared with 5-6% in the previous two years, bolstered by improving urban demand, stable rural consumption, reduction in personal income tax and lower inflation. Also read: Young Indians are drinking less but better 'A heightened emphasis on premium products, health and wellness and rural market expansion may serve as primary motivators for strategic acquisitions, while integration of e-commerce and digital advancements could facilitate consolidation within the industry," Pillai said. Deal hunt FMCG companies have continued their post-pandemic acquisition blitz. Last week, Dabur outlined a seven-pronged approach as part of a strategy refresh with plans to invest in core brands, expand in premium categories, update its products and aggressively pursue acquisitions to build a 'future-fit" portfolio. The maker of Vatika oils and Real fruit drinks had last year acquired 51% of hair care company Sesa Care Pvt. Ltd, expanding its presence in the ₹900 crore ayurvedic hair oil market. The company cited 'substantial revenue and cost synergies" for the deal. In 2022, Dabur acquired a 51% stake in spice maker Badshah Masala for ₹587.52 crore. The company's M&A approach will focus on new-age health care, wellness foods and premium personal care brands. 'It [target firm] should be revenue accretive to us, which will substantially add to the revenue of the company because growth in general trade is a little subdued," Malhotra said. 'The second will be to create a future-fit portfolio, which resonates to the new generation." Mumbai-based Marico also targets becoming a 'house of brands' and acquisitions will be vital to its transformation into a digital FMCG company. Marico's recent investments include a majority stake in premium skincare brand Just Herbs in 2021, a majority acquisition of plant-based nutrition company Plix, full acquisition of male grooming brand Beardo, and an investment in food brand True Elements. All these are relatively new brands and categories. 'We firmly believe that we are a 'investor of choice' given our house of brands. We are on our way to our aspiration of becoming one of the most successful digital FMCG companies," Saugata Gupta, managing director and chief executive officer at Marico, said in an interview with Mint Thursday. 'We are open (to acquisitions) provided it is a fit. There are still some portfolio gaps in our digital basket. We think there is enough opportunity in both food and personal care." The consumer and retail sector deal volume in 2024 rose a modest 13% over a year earlier, but 2025 has seen a few large bets, according to data shared by consulting firm Grant Thornton Bharat. 'Strategic acquisitions dominated the M&A landscape within the consumer segment, with Tata Consumer Products leading the way with its high-profile acquisitions of Capital Foods and Organic India—the two deals collectively accounted for nearly 21% of the M&A deal value, setting the tone for the year," according to a January report by the firm. Regional, D2C focus Earlier this year, India's largest FMCG company Hindustan Unilever Ltd acquired a 90.5% stake in personal care brand Minimalist for ₹2,955 crore, upping its ante in the digital-first personal care space. HUL's M&A strategy has been a mix of investments in established as well as new-age brands. HUL acquired Indulekha hair oil for ₹330 crore in 2015 and Horlicks from GlaxoSmithKline for ₹3,045 crore in 2020. More recently, the company's focus has shifted towards premium, online-first brands like Minimalist and wellness and supplements brand Oziva. The acquisitions are one of the tools HUL uses to grow businesses, Rohit Jawa, chief executive officer at HUL, said during the company's post-earnings call with the media last month. For instance, the company has good brands and capabilities in foods, but if an opportunity offers a complementary fit with a good commercial case, the company will definitely look at it, said Jawa. HUL is constantly scanning for such opportunities. The key strategy is to continue investing in and growing their market maker (categories identified by HUL as ripe for premiumization) and future core (future trendsetters) segments to drive overall business growth, he said. Pillai of Deloitte India said growth in M&As is anticipated from both regional brands and direct-to-consumer (D2C) companies. 'Regional brands provide immediate scalability and access to local markets, while established D2C companies, particularly those with robust digital and e-commerce capabilities or those operating in rapidly expanding health and wellness sectors, represent appealing targets for acquisition." Also read: India's FMCG industry clocks 11% growth in March quarter on higher edible oil prices Kolkata-based Emami Ltd, known for brands like Zandu balm and Boroplus, said it has cash available and is open to investing in traditional and direct-to-consumer or D2C businesses. Emami's recent acquisitions include stakes in male grooming, new-age personal care, packaged drinks, and pet care brands. Greater competition in the market is prompting companies to step up innovation, according to Harsha V. Agarwal, vice chairman and managing director at Emami. 'We are looking for more acquisition opportunities. We are open for smaller acquisitions as well as large ones," he said in an interview with Mint last month. 'The opportunity has to be good. Investment is not a constraint for us because we are a debt-free company with a very good PAT (profit after tax) and Ebitda (operating income)."
Time of India
14-05-2025
- Business
- Time of India
Dabur to focus on premiumisation, contemporisation as strategies, shared 7-point formula
HighlightsDabur India Limited is shifting its strategy towards premiumisation and contemporisation after five years of focusing on market share and consolidation, as stated by Chief Executive Officer Mohit Malhotra. The company's consolidated revenue for the fiscal year 2024-25 was reported at Rs 12,563 crores, with a Profit After Tax of Rs 1,768 crores, reflecting a consolidated revenue growth of 3.6 percent in constant currency terms. Dabur's international business saw significant growth of 19.3 percent in constant currency, while the Indian business experienced a decline of approximately 3.4 percent during the same period. After five years of focusing on market share and consolidation, Dabur India is now actively shifting its strategy towards premiumisation and contemporisation, the company revealed during its latest investor call. Mohit Malhotra, Chief Executive Officer of Dabur India Limited, stated that the company has formulated a fresh 7-point strategy to tap the market in the coming future. Premiumisation is a marketing strategy where companies aim to make their products or services appear more high-end, desirable, and valuable, ultimately leading consumers to pay more for them. Elaborating on the strategies, Dabur's CEO Mohit Malhotra said, "So if you look at the past 4 to 5 years, we've generally focused on increasing market share and consolidating our business in each of the categories." "But premiumisation has been a lesser focus and it was a deliberate attempt because we wanted to bring Dabur Amla back on a growth path and gain market share. Now that we've done all the gaining market shares in Chyawanprash , in Honey, in Amla, in Home Care, and in Skin Care, now it's a 2.0 journey to embark upon premiumisation and contemporisation," he added. "We have identified segments that we will enter for premiumisation, like in Hair Care, we always focused on gaining market share in Dabur Amla. Going forward, you will see our concerted effort on premiumisation of post-bath categories like serum, conditioners, masks, etc.," said the Malhotra. He further added that the last fiscal was a challenging year due to the slowdown in urban consumption, high food inflation and unfavourable season but company's business fundamentals remained strong as they gained market shares across 90 per cent of the portfolio. "Emerging channels comprising modern trade, e-commerce, and quick commerce grew in double digits, although general trade in urban markets remained under pressure," he added. As per Dabur's top official, the company remains optimistic due to the declining food prices and tax cuts going forward. "So going forward, sequential improvement is what we are seeing, but a gradual sequential improvement," he added. According to the information shared by Dabur's top officials, Fiscal year 2024-25 ended with the consolidated revenue of Rs 12,563 crores and Profit After Tax (PAT) of Rs 1,768 crores. Consolidated revenue growth was 3.6 per cent in constant currency terms. During the fourth quarter, consolidated revenue of the company grew by 2.1 per cent in constant currency terms and 0.6 per cent in INR terms. Company's international business exhibited a growth of 19.3 per cent in constant currency and Indian business declined by around 3.4 per cent. The financial results show that Dabur's consolidated bottom line declined by 8.4 per cent on a yearly basis and profit declined 4 per cent to Rs 1,767.63 crore, while the revenue was flat.
