New-age fast moving consumer goods brands owner Honasa Consumer Private Limited has acquired a majority stake in skincare brand Dr Sheth’s and plans to make it a Rs 100 crore run rate brand in the next two years.
Fast moving consumer goods business Emami has seen rising costs and inflation squeeze its profit margins and has countered this with price increases on its products of around 4.5% with further hikes on the table.
Fast moving consumer goods business Emami reported a rise in its consolidated net profit with a total of Rs 354 crore for the January to March 2022 period thanks to a minimum alternate tax credit boost.
Kay Beauty, India’s first celebrity makeup brand by actor Katrina Kaif launched in partnership Nykaa has strengthened its retail presence by partnering with general trade beauty stores and modern trade across India.
Content-to-commerce business Good Glamm Group is in advanced talks to acquire Raymond Group’s consumer case business, which could become one of India’s largest acquisition deals in the personal care industry.