Sirona Hygiene aims to log a revenue of Rs 100 crore in FY23 as it expands its product range and ramps up presence in offline retail channels in the country. The feminine hygiene product company, which is working towards increasing dialogue around feminine health and hygiene often considered taboo topics is also looking at raising fresh funding in the coming months. Speaking with PTI, Sirona co-founder and CEO Deep Bajaj said the company has been witnessing strong growth as its products are innovative in nature and are solving needs that have not been met earlier. "The growth has been encouraging, we've been growing 100 per cent year-on-year and the beauty is that we've done this with a very little funding. At the same time, we've stayed profitable. So, we are among the few start-ups in the D2C space in our category who have been able to do this while staying profitable," he said. The company had registered a Rs 14-crore revenue in FY20, which grew to about Rs 26 crore in ...
Beauty and personal care products maker Lotus Herbals has bought a 32 per cent stake in Fixderma India, owners of dermaceuticals brands like Fixderma and FCL. The company, however, did not disclose the financial details of the transaction. Through this investment, Lotus Herbals forays into the dermaceutical segment offering a premium range of skincare and haircare products, said a joint statement. This also bridges the gap between the prescription-based products and over-the-counter cosmetics, it added. "By investing in this leading cosmeceutical company, Lotus enters the dermaceutical beauty space with a clear-sighted goal of emerging as domain leaders in the future," it said. Fixderma, along with its premium skincare range FCL, manufactures dermatology products. It is an established direct-to-consumer (D2C) brand and Fixderma product lines are also retailed through dermatologists and pharmacies in India and overseas. "With our strategic planning & marketing expertise, we aim at
Firm lists its signature products exclusively on Amazon; the Buds and Berries range includes Shampoos, face masks and lotions among other things
This is the second major fast-moving consumer goods category that the group has entered in five years
The firm, which has a portfolio of face care, body care and hair care products, has been profitable since inception and plans to push the pedal on growth with this fund-raise
This is being driven by beauty and personal care areas
Leading footwear and performance apparel brand Woodland has forayed into the personal care segment by introducing a range of deodorants.
Company's revenues improved by 18 per cent in September quarter compared to over the year-ago quarter, with growth coming from its portfolio of brands.
After the lockdown was lifted across the country, this was the first quarter in which businesses were operational in a large part of the country
The brand would be the first from the personal care portfolio to clock in consumer spend of Rs 1,000 crore, says firm
The process comes as Reckitt is generating unusually strong sales in its hygiene business due to the Covid-19 pandemic
It isn't just protein diet and cereals that are becoming expensive despite bumper output the past few years; even personal care products and recreation have surprisingly become very costly
Personal care segment witnessed a double-digit growth of 11.1%, while household care, which consists of products like detergents and surface cleaners, logged 4.6% growth
Online beauty and personal care platform Purplle is looking to double its sales to $100 million during the current fiscal
Old brands and new are reshaping the health, hygiene and personal care category, catering to a new basket of needs
However, high valuation may restrict immediate gains for the stock
Worth $643 mn in 2018, this market is projected to cross $1.2 billion by 2024, with men beginning to spend more time and money on personal care than women
The funds will also be used to launch more brands under the Honasa Consumer Pvt Ltd
Rising technological developments and product innovations are projected to be introduced in the next five years in countries such as China, India, Japan and South Korea, says Dr Mosongo Moukwa
The last time Congress thoroughly overhauled the regulation of personal care products like cosmetics and shampoo, World War II had not yet begun.Nearly 80 years later, personal care is a multibillion-dollar business, and many of the ingredients used in soaps and face creams are complex - and potentially dangerous - chemical compounds. But the laws on the books have not kept up with the times: If a shampoo makes your hair fall out, no government agency can easily compel a recall.That could change soon. Legislation that would introduce a far more serious degree of regulatory oversight to the personal care products industry is proceeding in the Senate and the House of Representatives. Consumer safety groups are pushing for stricter laws. And the call for more stringent oversight of the industry is coming from a coalition of companies that includes Beautycounter, a plucky start-up that is pitching natural face creams as well as regulation.Beautycounter is the brainchild of Gregg Renfrew, a