Indian FMCG majors chase Africa's 20%+ growth via M&A and local manufacturing
Godrej Consumer, Varun Beverages, Marico and Dabur are scaling Africa operations through acquisitions (Twizza, Crickley Dairy) and on-ground manufacturing. GCPL posted 20%+ topline growth across Africa/USA/ME, Marico South Africa rose 8% CC, and Dabur's Sub-Saharan business jumped 20%, despite FX volatility and 70-80% informal retail.
Indian FMCG majors Godrej Consumer, Varun Beverages, Marico and Dabur are scaling Africa operations via local manufacturing and acquisitions (Twizza, Crickley Dairy), reporting 20%+ growth in hair care, beverages and personal care despite currency and retail-fragmentation challenges.