Male Grooming Industry

International Men's Day celebrates the vital roles that men play in families, communities, and society around the globe. It was originally celebrated in 1999 and is observed on November 19

Consumer goods makers are increasingly facing strong competition from smaller manufacturers who are better equipped to occupy shelf space due to declining commodity prices

Gillette India also declared an interim dividend of 85 rupees per share for the financial year 2023-24, which includes a one-time special dividend of 40 rupees per share

Grooming products maker Gillette India on Tuesday reported 6.81 per cent increase in net profit at Rs 92.69 crore for the first quarter ended September 30, 2023. The company, which follows the July-June financial year, had reported a profit of Rs 86.78 crore in the year-ago period, according to a regulatory filing by Gillette India Ltd (GIL). Revenue from operations was up at Rs 667.55 crore during the quarter under review as against Rs 619.92 crore in the same quarter a year ago. The revenue growth was driven by "superior retail execution, strong brand fundamentals and its integrated growth strategy," said an earning statement from GIL. Its profit growth was led by premiumisation, deliberate productivity interventions, partially offset by a one-time expense. Excluding this one-time impact, operational Profit After Tax (PAT) was up 14 per cent versus a year ago, GIL said. Total expenses were at Rs 551.03 crore, up 9.62 per cent during the quarter. Revenue from the grooming segme

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

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