Cosmetics Industry

Comestic major L'Oral India reported a marginal decline in profit to Rs 487.46 crore in FY24, while its revenue from operations -- income from net sales -- was up 12.6 per cent to Rs 5,576.47 crore, according to an RoC filing. Its total income, which includes other income, was up 13.83 per cent to Rs 5,684.60 crore for the financial year ended March 31, 2024. L'Oreal India Pvt Ltd had reported a profit of Rs 488.35 crore and its revenue from operations was at Rs 4,952.55 crore a year earlier, for 2022-23, according to financial data accessed through business intelligence platform Tofler. Its "advertising promotional expenses" in FY24 were up 23.7 per cent to Rs 1,714.54 crore, as against Rs 1,385.74 crore a year ago. Moreover, the royalty paid to its French parent firm was up 16.3 per cent to Rs 265.16 crore in FY24. This "cost royalty" was at Rs 228.05 for FY23. L'Oral India is a subsidiary of French multinational L'Oral SA, which owns a 99.99 per cent stake in the company. Tota

The export target of USD 31 billion for 2024-25 will be achieved, as there is a healthy demand for 'made in India' chemicals in countries like Brazil, the US, Japan and Saudi Arabia, CHEMEXCIL Director General Raghuveer Kini said. The Basic Chemicals, Cosmetics and Dyes Export Promotion Council (CHEMEXCIL) is set by the commerce ministry to promote exports of these goods. Kini said that the total exports of chemicals during April-September rose by 4.57 per cent to USD 14.1 billion. "So far, we are registering good growth, and we are confident of achieving the USD 31 billion target this fiscal. Last year, it was around USD 30 billion," he added. During the second half of this year, the exports will grow at a faster pace, he noted. "Last year, because of drought in Brazil, which is the key market for us, exports were down. But this year, the situation is good, and we expect high growth," Kini said. India exports these goods worth about USD one billion annually to the South American

Despite having more than 2,500 retail locations in 80+ countries, The Body Shop has faced challenges in recent years and struggled to compete in the market, leading to its bankruptcy filing

The milestone came as shares of L'Oreal SA, the beauty products empire founded by her grandfather, rose to a record high, with the stock set for its best year since 1998

Beauty and cosmetics brand Revlon, which operates in India through its local partner Modi-Mundipharma Beauty Products, is looking to double its business to Rs 400 crore in the current fiscal and has plans to ramp up its offline network by adding more stores, a top company official said on Tuesday. The company has plans to increase the number of outlets to 600 from the existing 300 and also quadruple its presence from 1,000 departmental stores to 4,000 stores, said Revlon Executive Director and Head of Revlon Indian Subcontinent Meghna Modi. Besides, it is considering introducing perfume under the brand Revlon as part of the expansion of its product portfolio for the Indian market, where beauty and cosmetics are projected to have substantial growth led by the millennial generation. Like other beauty brands, Revlon was also a hit during COVID-19, but like others, it has come back with a "bang" and is having a "Diwali blockbuster" in sales this festive season. When asked about expansi

Retail chain Shoppers Stop on Wednesday reported a decline of 83.14 per cent in consolidated net profit at Rs 2.73 crore in the second quarter ended September 30, on muted demand in the apparel business and offset by growth in non-apparel business. The company had posted a net profit of Rs 16.20 crore in the July-September period a year ago, Shoppers Stop said in a regulatory filing. Its revenue from operations during the first quarter of this fiscal was at Rs 1,039.12 crore, up 2.6 per cent against Rs 1,012.74 crore in the year-ago period. The total expenses in the September quarter were at Rs 1,041.31 crore, up 5 per cent. "Shoppers Stop reported impressive financial results, despite challenging market conditions and shifting of Pujo from Q2 to Q3 this fiscal. We have witnessed a strong pick-up in the Beauty businesses and consistent performance from non-apparels," Shoppers Stop Executive Director and CEO Kavindra Mishra said. Its "net profit for the quarter was affected due to

The company has also acquired stakes in BBlunt and Dr. Sheth's

Beauty and fashion firm FSN E-Commerce Ventures, which operates under Nykaa brand, on Friday posted 8 per cent increase in consolidated net profit at Rs 5.4 crore for June quarter 2023-24. The company had clocked a net profit of Rs 5 crore in the same period a year ago. Profit attributable to equity shareholders, however, declined about 26 per cent to Rs 3.3 crore from Rs 4.5 crore in April-June 2022. Consolidated revenue from operations increased about 24 per cent to Rs 1,421.8 crore during the quarter from Rs 1,148.4 crore in the corresponding period of 2022-23. "Our beauty vertical continues to shape into an ecosystem of its own with steady and balanced growth across our online platforms, physical footprint as well as our consumer brands. Fashion's consumer brands also experienced steady growth with our own labels now spanning across categories westernwear, indianwear, lingerie, menswear, accessories and much more," Nykaa Executive Chairperson, MD, and CEO Falguni Nayar said i

Kantar Worldpanel study reveals that working women leading the way of cosmetic purchases both online and offline

The Union Health Ministry has mooted that either the Centre or state authorities be empowered to regulate the manufacture of drugs and cosmetics, changing its earlier proposal of allowing only the Central Drugs Standard Control Organisation (CDSCO) to do so. As of now, all manufacturing activities relating to drugs and cosmetics are regulated by only the state governments through their drug control organisations, official sources told PTI. The draft bill also mentions that the Central government may regulate, restrict or prohibit selling, stocking, exhibiting or offering sale or distribution of any drug online by notification. The latest draft of the New Drugs, Medical Devices and Cosmetics Bill, 2023, which seeks to replace the Drugs and Cosmetics Act of 1940, is yet to be approved by the Cabinet. It, however, features among the 21 key bills that are on the agenda for the Monsoon session of Parliament. The latest version of the draft bill states, "No person shall himself or by an

At L'Oreal, Aesop joins a cast of luxury brands such as Lancome and Yves Saint Laurent as the French company bets on a continued drift toward high-end cosmetics

Revenue for the quarter was up 39% YoY to Rs 1,230.8 crore

According to reports, Torrent Pharmaceuticals is set to sign a deal to acquire Curatio Healthcare, a maker of skincare products, for Rs 2100 crore.

Joint initiative to explore potential application of AI, ML IoT and AR/VR in cosmetics and dermatology, and product development and personalisation at L'Oreal

The brand usually caters to premium consumers in personal care and baby care and it is a recent entrant in India

RENEE Cosmetics plans on utilising funds majorly in strengthening the brand presence and widening offline presence.

On Saturday, Mamaearth became the first start-up to enter the unicorn club in 2022 with a $52 million fundraise

Kiyoshi Matsuura was so worried about growing old that he used anti-baldness treatment as a teenager: it's an obsessions reaping him profits

Shoppers searching Google for cosmetics will be able to try them on virtually through a deal with L'Oreal, as the French group looks to make up for lost store sales caused by coronavirus lockdowns

The herbal cosmetic industry is expected to grow at 12% in India