Scripscan:Amar Remedies Ltd
Code:532664
cmp:40
Story:Amar Remedies, is a manufacturer and exporter of premier personal hygiene products from India. Beginning with a foray into the oral care market in India, today, Amar's products are exported to over 20 countries across the globe, engaging the developed markets of USA, Canada, Italy, France, UK among others.Amar has established a reputation for manufacturing and marketing value products among its customers. Amar operates primarily in the Ayurvedic toothpaste segment, from which it derives majorityof its revenues; toothpowder, a pain relieving ointment and a balm chip in with the rest. Amar intends to launch several Ayurvedic products to address the health-, hair- and skin-care segments. With Ayurvedic medicines increasingly gaining acceptance, largely due to their purported benefit of not having any side-effects, prospects for companies operating in this space appear good. Such medicines are gradually being accepted in the West too, throwing up exports opportunities.The domestic market for herbal products (including of other disciplines such as Siddha and Unani medicine) is estimated at close to $1.5 billion, which represents a significant opportunity for a player such as Amar.Considering the huge oppurtunity,Amar looks a bet worth buying at dips.
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