This is the second major fast-moving consumer goods category that the group has entered in five years
The firm, which has a portfolio of face care, body care and hair care products, has been profitable since inception and plans to push the pedal on growth with this fund-raise
This is being driven by beauty and personal care areas
Leading footwear and performance apparel brand Woodland has forayed into the personal care segment by introducing a range of deodorants.
Company's revenues improved by 18 per cent in September quarter compared to over the year-ago quarter, with growth coming from its portfolio of brands.
After the lockdown was lifted across the country, this was the first quarter in which businesses were operational in a large part of the country
The brand would be the first from the personal care portfolio to clock in consumer spend of Rs 1,000 crore, says firm
The process comes as Reckitt is generating unusually strong sales in its hygiene business due to the Covid-19 pandemic
It isn't just protein diet and cereals that are becoming expensive despite bumper output the past few years; even personal care products and recreation have surprisingly become very costly
Personal care segment witnessed a double-digit growth of 11.1%, while household care, which consists of products like detergents and surface cleaners, logged 4.6% growth
Online beauty and personal care platform Purplle is looking to double its sales to $100 million during the current fiscal
Old brands and new are reshaping the health, hygiene and personal care category, catering to a new basket of needs
However, high valuation may restrict immediate gains for the stock
Worth $643 mn in 2018, this market is projected to cross $1.2 billion by 2024, with men beginning to spend more time and money on personal care than women
The funds will also be used to launch more brands under the Honasa Consumer Pvt Ltd
Rising technological developments and product innovations are projected to be introduced in the next five years in countries such as China, India, Japan and South Korea, says Dr Mosongo Moukwa
The last time Congress thoroughly overhauled the regulation of personal care products like cosmetics and shampoo, World War II had not yet begun.Nearly 80 years later, personal care is a multibillion-dollar business, and many of the ingredients used in soaps and face creams are complex - and potentially dangerous - chemical compounds. But the laws on the books have not kept up with the times: If a shampoo makes your hair fall out, no government agency can easily compel a recall.That could change soon. Legislation that would introduce a far more serious degree of regulatory oversight to the personal care products industry is proceeding in the Senate and the House of Representatives. Consumer safety groups are pushing for stricter laws. And the call for more stringent oversight of the industry is coming from a coalition of companies that includes Beautycounter, a plucky start-up that is pitching natural face creams as well as regulation.Beautycounter is the brainchild of Gregg Renfrew, a
The new unit, envisaged to be commissioned in early 2017, will augment the production capacity of personal care products for the company