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.
Indian fast-moving consumer goods and healthcare brand Sri Sri Tattva is planning to strengthen its foothold in the Indian market with the addition of 1,000 stores over the next few months.
Procter & Gamble Hygiene and Health Care Ltd saw its profit after tax decline 5 percent to Rs 124 crore ($17.4 million) as a result of cost inflation and investments on brand building.
Strong Chinese demand for luxury skin creams helped Lancome owner L’Oreal beat sales forecasts in the fourth quarter, as did a pick-up in its lagging mass market division.
Fragrance brand Denver has signed Telugu actor Mahesh Babu as its brand ambassador to make inroads in the South Indian market where the actor is hugely popular.
Falguni Nayar, CEO and founder of Nykaa, has been presented with the “Woman Entrepreneur of the Year” award at the BW Disrupt Women Entrepreneur Summit and Awards.
Marico Limited net profit for the third quarter increased by 13 percent to Rs 252 crore ($35.2 million) as against Rs 223 crore it had posted during October-December period of the previous fiscal.
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.
Joel Palix is to step down from his role as CEO of online beauty retailer Feelunique later this year, the company has just announced.
Dabur India Ltd has elevated Mohit Malhotra as its new chief executive officer with effect from April 1, 2019.
David Beckham has been sweeping up hair in the barbershop to celebrate the one-year anniversary of his ‘House 99' grooming brand.
Dabur India witnessed a 10 percent rise to Rs 367 crore ($51.5 million) in its net profit for the third quarter of the financial year 2018-19.
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.
