Homegrown FMCG major Dabur India is looking for an acquisition in direct-to-consumer (D2C) space, particularly in healthcare and personal care, its Chief Executive Officer Mohit Malhotra said on Thursday. The acquisition will help Dabur to increase its play in the fast-growing premium segment and also to strengthen our urban play, Malhotra said in a post-results Investors' Conference Call. Besides, the company, which owns iconic brands such as Dabur Amla, Dabur Vatika, and juice brand Real, is increasing investments in branding and promotion as its margins are improving quarter on quarter amidst softening commodity prices. When asked about any D2C acquisition, Malhotra replied: "We continue to scouting on targets in the D2C space also, particularly in healthcare and personal care... We are looking for a brand that will shore up margin and not be dilutive." "If we come across a company which is synergistic with the healthcare space and personal care space, skincare Ayurvedic play, w
Indian consumers want products that chemical free and are environmentally safe
Prices of the safe haven asset have soared due to global economic uncertainty
Reliance Consumer Products Limited (RCPL), a wholly-owned subsidiary of Reliance Retail Ventures Limited, on Wednesday said it has expanded its play in the FMCG segment by launching its range of home and personal care products. RCPL, which has ambitions to be a relevant player in the FMCG segment, will now compete with the leading players of the segments, such as HUL, P&G, Reckitt etc, with the enhanced portfolio. Now, RCPL's portfolio includes Glimmer beauty soaps, Get Real natural soaps, Puric hygiene soaps, Dozo dish wash bars and liquids, HomeGuard toilet and floor cleaners and Enzo laundry detergent powder, liquid and bars. Commenting on the development an RCPL spokesperson said: "Our ambition is to help every Indian household get access to quality products at reasonable price points". This range of home and personal care products boasts high efficacy with the superior formulation. These have been developed keeping "Real India" consumer problems at their core, he ...
On account of challenging macro-economic environment and muted category growths in the quarter, the management anticipates to report low to mid-single digit revenue growth
The company expects sales on a constant currency basis to increase in the mid-teens percentage range for the third quarter, with overall profit seeing "meaningful improvement," as gross margins expand
To pay Rs 172 cr under the deal, which is expected to be completed by March 31
Marico on Friday said it will acquire Vietnam-based Beauty X Corporation, which owns female personal care brands 'Purit de Prvence' and 'liv', in an all-cash deal for 493 Billion Vietnamese Dong (about Rs 172 crore). The move will help the homegrown-FMCG major to expand its presence in Vietnam. Its wholly owned subsidiary, Marico South-East Asia Corporation (MSEA) has entered into a definitive agreement to acquire 100 per cent of Beauty X Corporation, a firm which operates in the beauty and personal care space offering products such as shower gels, shampoos, conditioners, face wash and lotions among others. "The transaction will expand Marico's presence in the female personal care segment in Vietnam, with an offering of a range of premium and differentiated hair care and skin care products, while also realising various operational synergies," the company said. The transaction is expected to be completed by March 31, 2023, subject to requisite regulatory approvals and customary clos
Trading volumes on the counter jumped over three-fold with a combined 3.6 million shares changing hands on the NSE and BSE till 12:46 pm
The firm has also committed to spend more than Rs 1,300 crore in business solutions through its 'vGrow' platform
Sales were down in September due to weak rural demand
In the non-foods space, it has entered the personal care and home care business
After 38,000 serious allegations, Johnson and Johnson's talc-based baby powder will stop international sales from 2023. The product has already been discontinued in the US and Canada
There has been a double-digit year-on-year increase in the prices of most spices, with branded coriander costing 16.9 per cent more in June this year than a year ago
Regulator processed over 5,500 ads for its 2021-22 complaints report, 62% more than previous year
Gaurav Agarwal, co-founder of Nat Habit, said that the firm has been able to build the brand primarily using its own website, with just 10 per cent of the revenue coming from the marketplaces
The companies did not reveal the value of the transaction. Good Glamm will be investing a further Rs 75 crore in growing the brand
Diversified firm ITC Ltd on Saturday said it has bought 8.70 per cent equity stake in Mother Sparsh Baby Care, a D2C Ayurvedic and natural personal care brand
Has distributed stocks worth Rs 20 cr in addition to ESOPs allocated earluer. The stock-based value creation will be a top-up component over and beyond the employee CTC
The five-year old start-up founded by Puneet Gupta in 2016, started with the flagship products based on waterless products