Baba Ramdev’s Patanjali has praised the recent FDI norms that came into effect at the start of the month. The regulations will help to promote a level playing field, believes the desi personal care business.
Marico has signed a licensing agreement with the personal care brand Kaya and will launch Kaya Youth as a skincare brand. Marico will pay royalties to Kaya from Kaya Youth sales as part of the agreement.
Estée Lauder Cos Inc raised its annual profit forecast after posting better-than-expected quarterly results on Tuesday, driven by strong growth in China and higher demand for skincare brands such as La Mer.
FMCG firm Emami Limited saw its profit decline 6 percent to Rs 138 crore ($19.4 million) for the third quarter ended December 2018 as against Rs 147 crore it had posted during the same period last fiscal.
The headline story on Thursday from Anglo-Dutch consumer products giant Unilever was that sales growth missed analyst expectations in Q4 and that this year would remain challenging. But behind that, beauty was strong.