Male Grooming Industry

Shares of the company ended about 0.3% lower on Wednesday and about 4% in 2022

Gillette India, which is 75% owned by Procter & Gamble, said its net profit rose to 867.8 million rupees ($10.52 million) for the three months ended Sept. 30, from 819.3 million rupees a year earlier.

The grooming products maker on Tuesday reported a 14.02 per cent decline in its net profit

The firm, which expects the sector to grow 15-20% a year and hit $1.2 bn by 2024, will be competing with the likes of P&G, Hindustan Unilever, Dabur, L'Oreal and Nivea

The lockdown forced shut the salons, spurring the growth of self-grooming products. And now, people are getting used to DIY grooming, visiting the experts only for specialised services

Factors such as work-from-home, job losses, limited social events, indicate slower recovery

Built on an initial investment of mere Rs three crore, Beardo sold at an estimated valuation of Rs 350-400 crore in a two-phased acquisition by Marico

The limited availability of salon services across the country has led to an increase in demand for DIY grooming products.

The two main reasons behind this trend are rapid urbanisation and a crazily competitive dating environment, said Shantanu Deshpande, CEO, Bombay Shaving Company