Cosmetics Industry

UK cosmetics brand Lush returns to India after two decades amid luxury boom

The company has partnered with Bengaluru-based Bilberry Brands under a licensing deal, starting with an online launch before expanding into physical stores

Glass skin and snail mucin: South Korea's journey to global beauty power

Propelled by interest in all things South Korea, Amorepacific, the cosmetics giant, is expanding its reach into the United States. But so are many of its competitors

HydraFacials to botox: How India's wedding rush is powering a beauty boom

As India's wedding season begins, demand for quick, non-surgical beauty treatments surges - from HydraFacials and Botox to Ultherapy and PRP - promising glow without downtime

China's consumer price wars hit Botox and skincare, driving costs down

China's $38 bn medical aesthetics sector may face a price war, following trends in other industries that gave shoppers 50-cent meals and $4,200 electric vehicles, pushing costs sharply down

No GST cut for detergents, cosmetics surprises FMCG firms: Analysts

Keeping detergents and cosmetics under 18 per cent tax rate with zero savings on these daily-use items for households under the government's sweeping GST restructuring move is surprising, say industry players and analysts. The all-powerful GST Council last week decided to reduce taxes on most of the common-use goods as part of the government's measure to boost consumer spending. The new structure of goods and services tax (GST), which comes into effect on September 22, will have two slabs of 5 per cent and 18 per cent instead of the current four slabs of 5, 12, 18 and 28 per cent. Fast-moving consumer goods (FMCG) products such as hair oil, soap, face powders, shampoos, toothbrushes, and toothpaste have come under the lower slab of 5 per cent from 18 per cent. However along with detergents and cosmetics, duty on several items such as hair dye and household insecticides has not been reduced. FMCG companies say they are ready to pass on the benefits of the duty cuts to consumers, ev

Nykaa's owner FSN E-Commerce eyes expansion in Britain, global markets

FSN's UK push for Kay, which will be across 13 stores and Space NK's online platform, faces the challenge of increasing brand awareness in a very competitive cosmetics and skin care market

Nivea India MD urges PLI for personal care sector, clearer cosmetic rules

Geetika Mehta, MD of Nivea India, has called for PLI support in the personal care sector and clearer regulatory demarcations between cosmetics and drugs to aid exports and competitiveness

Early rains throw a wet blanket over FMCG, air conditioner, beauty sales

Typically, the summer season from April to June sees peak sales of cold beverages, including carbonated drinks, ice creams, ACs, and other edible and non-edible cooling products

Colorbar Cosmetics plans IPO in early 2027 after doubling revenue this year

Brands catering to wealthier Indians have weathered a high cost-of-living-led slowdown in consumer spending, as the affluent continue to splurge on comforts and luxuries

Cancer-linked chemicals found in widely used skincare, haircare products

Lotions, shampoos, soaps, leave-in hair products, and even eyelash glue may contain formaldehyde-releasing chemicals linked to cancer, according to a new study

Ananya Birla marks entry into beauty, cosmetics industry with new venture

Ananya Birla, daughter of billionaire Kumar Mangalam Birla, on Wednesday announced an entry into the fast-growing beauty and cosmetics space with the launch of a new venture. The 30-year-old Birla, who launched a microlending venture at 17 and also sits on the board of the USD 62-billion Aditya Birla Group's apex strategic body, will come out with a range of beauty and personal care brands nationally through 2025, a statement said. The statement said rising disposable incomes, deeper e-commerce penetration and growing openness among consumers are leading India's beauty. Personal care market is expected to grow at 10-11 per cent annually and the sector is expected to be a USD 34 billion opportunity by 2028. "With greater exposure to global products and knowledge, Indian consumers now demand more from home-grown brands. This venture aims to meet those expectations with authenticity and innovation and bring world-class products to the Indian marketplace," Birla said. Stating that the

Cosmetic surgery sector eyes $11.5 bn facelift on rising disposable income

Experts attribute this growth to several factors, including US FDA- approved imports from international markets

Beauty Industry in flux after TikTok braces for an uncertain future in US

On Jan 18, TikTok went dark for users across the US just days after the Supreme Court ruled that it would uphold a law forcing ByteDance to either sell its American platform by Jan 19 or be banned

L'Oral India FY24 results: Profit marginally down at Rs 487.46 cr

Comestic major L'Oral India reported a marginal decline in profit to Rs 487.46 crore in FY24, while its revenue from operations -- income from net sales -- was up 12.6 per cent to Rs 5,576.47 crore, according to an RoC filing. Its total income, which includes other income, was up 13.83 per cent to Rs 5,684.60 crore for the financial year ended March 31, 2024. L'Oreal India Pvt Ltd had reported a profit of Rs 488.35 crore and its revenue from operations was at Rs 4,952.55 crore a year earlier, for 2022-23, according to financial data accessed through business intelligence platform Tofler. Its "advertising promotional expenses" in FY24 were up 23.7 per cent to Rs 1,714.54 crore, as against Rs 1,385.74 crore a year ago. Moreover, the royalty paid to its French parent firm was up 16.3 per cent to Rs 265.16 crore in FY24. This "cost royalty" was at Rs 228.05 for FY23. L'Oral India is a subsidiary of French multinational L'Oral SA, which owns a 99.99 per cent stake in the company. Tota

Confident of achieving $31 bn chemical export target in FY25: CHEMEXCIL

The export target of USD 31 billion for 2024-25 will be achieved, as there is a healthy demand for 'made in India' chemicals in countries like Brazil, the US, Japan and Saudi Arabia, CHEMEXCIL Director General Raghuveer Kini said. The Basic Chemicals, Cosmetics and Dyes Export Promotion Council (CHEMEXCIL) is set by the commerce ministry to promote exports of these goods. Kini said that the total exports of chemicals during April-September rose by 4.57 per cent to USD 14.1 billion. "So far, we are registering good growth, and we are confident of achieving the USD 31 billion target this fiscal. Last year, it was around USD 30 billion," he added. During the second half of this year, the exports will grow at a faster pace, he noted. "Last year, because of drought in Brazil, which is the key market for us, exports were down. But this year, the situation is good, and we expect high growth," Kini said. India exports these goods worth about USD one billion annually to the South American

The Body Shop ends US operations; to close Canadian stores amid bankruptcy

Despite having more than 2,500 retail locations in 80+ countries, The Body Shop has faced challenges in recent years and struggled to compete in the market, leading to its bankruptcy filing

L'Oreal heir Francoise Meyers becomes first woman with $100 bn fortune

The milestone came as shares of L'Oreal SA, the beauty products empire founded by her grandfather, rose to a record high, with the stock set for its best year since 1998

Revlon to double business in next 2 yrs in India, to open 300 more outlets

Beauty and cosmetics brand Revlon, which operates in India through its local partner Modi-Mundipharma Beauty Products, is looking to double its business to Rs 400 crore in the current fiscal and has plans to ramp up its offline network by adding more stores, a top company official said on Tuesday. The company has plans to increase the number of outlets to 600 from the existing 300 and also quadruple its presence from 1,000 departmental stores to 4,000 stores, said Revlon Executive Director and Head of Revlon Indian Subcontinent Meghna Modi. Besides, it is considering introducing perfume under the brand Revlon as part of the expansion of its product portfolio for the Indian market, where beauty and cosmetics are projected to have substantial growth led by the millennial generation. Like other beauty brands, Revlon was also a hit during COVID-19, but like others, it has come back with a "bang" and is having a "Diwali blockbuster" in sales this festive season. When asked about expansi

Shoppers Stop Q2 results: Net profit slumps at Rs 2.7 crore on weak demand

Retail chain Shoppers Stop on Wednesday reported a decline of 83.14 per cent in consolidated net profit at Rs 2.73 crore in the second quarter ended September 30, on muted demand in the apparel business and offset by growth in non-apparel business. The company had posted a net profit of Rs 16.20 crore in the July-September period a year ago, Shoppers Stop said in a regulatory filing. Its revenue from operations during the first quarter of this fiscal was at Rs 1,039.12 crore, up 2.6 per cent against Rs 1,012.74 crore in the year-ago period. The total expenses in the September quarter were at Rs 1,041.31 crore, up 5 per cent. "Shoppers Stop reported impressive financial results, despite challenging market conditions and shifting of Pujo from Q2 to Q3 this fiscal. We have witnessed a strong pick-up in the Beauty businesses and consistent performance from non-apparels," Shoppers Stop Executive Director and CEO Kavindra Mishra said. Its "net profit for the quarter was affected due to

Honasa's Derma Co crosses annual run rate of Rs 350 cr in June quarter

The company has also acquired stakes in BBlunt and Dr. Sheth's