Henkel AG

Hair care brand Henkel, which launched a hair styling product for men on Monday, is eyeing to more than double its market share to around 30 per cent of the premium segment by 2025. The German company, known more for its detergents and was present here till 2012, when it licensed this business to Jyoti Labs, retaining only the haircare segment in the B2B or professional hair care and styling market, had in November 2022 re-entered the consumer segment of the hair care market. The professional styling market was around Rs 1,000 crore, while the overall hair care market was around Rs 5,000 crore in 2021, according to industry tracker Mintel. The market is expected to grow at 8 per cent CAGR (Compound Annual Growth Rate) between FY23 and FY28. Of the total market, around 45 per cent is premium. Kartik Kaushik, the country head of Henkel Consumer Brands India, wants to capture 30 per cent of this segment by the turn of FY25. Currently, it enjoys 12 per cent of the professional hair car

India is an important market for Henkel and it would continue to make investments in laboratory infrastructure and additional capacities in the country, company chief executive officer Carsten Knobel has said. Further, Henkel is looking for inorganic growth opportunities through Mergers and Acquisitions (M&A), Knobel added. "India is an important market for B2B. We continue to invest in laboratory infrastructure and additional capacities in electronics, Knobel told visiting foreign journalists at the Henkel headquarters here. "We are quite solid in financial and see opportunities in inorganic growth along with organic expansion plans," he added. While the company continues to focus on its both business segments of adhesive technologies and consumer brands, Henkel sees M&A opportunity in the former, while the latter is in the process of consolidation, the CEO said. Knobel inaugurated an Inspiration Centre, Dusseldorf (ICD) set up with an investment of Euro 130 million ...

German consumer goods firm Henkel, which has re-entered the consumer market in India after around a decade, is betting on the beauty segment in which it is working to build a holistic hair solutions portfolio, a company official said. With the consolidation of its consumer business at the global level, led by a successful merger of beauty care, laundry and home divisions, Henkel foresees a powerhouse of international bestsellers hitting the Indian market, said Kartik Kaushik, Country Head-Henkel Consumer Brands, India and South Asia Export. Henkel has introduced hair colourant brand Schwarzkopf in the consumer segment and also plans to launch another brand TAFT in India in the near future. "Hair colour is just the beginning of the India journey. The goal is to build a holistic hair solutions portfolio," Kaushik told PTI. According to Kaushik, there is a "bull run" for hair solution products in India and the growth trajectory is high. "The idea is to create a structured distributio

The firm is strong in industrial adhesives, providing solutions to sectors such as automotive, metals, packaging and aerospace

Colgate-Palmolive Co is also looking to enter the bidding race for Coty's portfolio which focuses on professional hair and nail care products including Wella, Clairol, GHD and OPI

For the record, Henkel had the option to pick up to 26 per cent stake in Jyothy five years after the latter acquired its Indian subsidiary in May 2011