Consumer goods maker Emami Ltd. has acquired Reckitt’s prickly heat powder and talc brand Dermicool for Rs 432 crore, excluding taxes and duties.
“The acquisition is funded through internal accruals and is subject to customary closing conditions,” the Kolkata-based company, said in its stock filing on Friday.
The escalating Russia-Ukraine conflict has pressured fast moving consumer goods (FMCG) companies in India to consider another round of price hikes to offset an unprecedented rise in commodity prices such as wheat, palm oil and packaging materials.