Merger with GSK will take food and refreshment business to over Rs 10,000 crore, says HUL

In one of the biggest deals across the consumer goods space, Hindustan Unilever (HUL) has bought GSK's India business for around $3.8 billion. The deal increases the consumer goods giant's footprint in one of the world's fastest-growing economies.

Speaking yo CNBC-TV18, HUL's CFO Srinivas Phatak elaborated on the company's strategy for Horlicks brand going forward.

“We are actually quite excited because it is a transformative proposed merger. We get an opportunity to play in the largest health food drinks market in the world. Therefore, when you look at the possibilities and the opportunities of what you can do in the category and the brand, we are extremely excited. The second thing it also does for us is that it also gives us the scale in our foods business. When the proposed merger goes through, our foods and refreshment business will be over Rs 10,000 crore which will also put us as one of the top players in the foods and refreshment segment. So we are absolutely delighted with both aspects and for that, I think it is a transformative one from an HUL’s point of view,” he said.