HUL's Indulekha enters Rs 2,000-cr club three years after acquisition

The haircare brand, acquired for Rs 330 crore, fetches HUL around Rs 400 cr of revenue annually

Around three years after it acquired the hair care brand Indulekha for around Rs 330 crore, Hindustan Unilever (HUL) has turned it into a Rs 2,000 crore brand in terms of valuation, which fetches the company around Rs 400 crore of revenue a year. 

At the time of acquisition, this brand under its former owner, Mosons Group, was generating a top line of around Rs 100 crore and an EBITDA of 30 per cent. 

Sanjiv Mehta, the company’s chairman and managing director pointed that it has been a successful acquisition for the company and he had himself visited Chennai to