Bajaj Corp Ltd, one of the leading players in the hair oil and skin care segment witnessed a 9 percent rise in its net profit to Rs 60 crore (approx $8.5 million) for the third quarter ended December 31, 2018.
Future Consumer Limited (FCL) has launched its personal care brand ThinkSkin with a braille friendly packaging in the Indian market and is expecting to generate revenue of around Rs 100 crore in the next two years.
Johnson & Johnson filed a three percent decline in revenue for the 2018 financial year, the brand’s first in the country since 2002. Profits did increase by 18 percent but the brand’s market share dwindled.
India’s drugs regulator has ordered Johnson & Johnson to stop manufacturing its Baby Powder in two of its Indian factories until test results prove they are free of asbestos, a senior official said on Thursday.