Beauty Market

Amid India's premiumisation shift, Global SS Beauty opens Armani boutique

With beauty coming on board, Armani is expected to contribute 25-26 per cent to the overall GSSB business

Beauty products platform Purplle raises Rs 1,500 cr in funding round

Subsidiary of Abu Dhabi Investment Authority leads in committing investment

Tata Group enters mass beauty market with 'Zudio Beauty' store launch

Zudio Beauty aims to tap into the rising demand for affordable beauty products, whereas competitors like Reliance, Nykaa, and Shoppers Stop focus on premium and luxury categories

Beauty brand Nykaa sues former top official for contract breach, poaching

Nykaa has sued its ex-chief business officer Gopal Asthana, now at Tata Cliq, for breaching confidentiality and poaching former employees. Nykaa is seeking over Rs 20 crore in damages from Asthana

L'Oreal plans to acquire 10% stake in Swiss skincare firm Galderma

L'Oreal will now acquire 10 per cent stake for undisclosed premium from Sunshine SwissCo AG, Abu Dhabi Investment Authority (ADIA), Auba Investment Pte Ltd

Arvind Fashions Q1 results: PAT at Rs 13.92 crore on strong revenue growth

Arvind Fashions Ltd on Thursday reported a consolidated net profit of Rs 13.92 crore in the first quarter ended June 2024, aided by a strong revenue growth. The company had posted a consolidated net loss of Rs 4.53 crore in the same quarter last fiscal, Arvind Fashions Ltd (AFL) said in a regulatory filing. Consolidated revenue from operations in the first quarter was at Rs 954.84 crore as against Rs 866.68 crore. Total expenses in the quarter were higher at Rs 938.7 crore as compared to Rs 862.22 crore, the company said. The strong Q1 results reflect an all-round financial performance under tough market conditions, said Shailesh Chaturvedi, MD & CEO of Arvind Fashions. "As the demand environment improves, with our investment behind all the growth levers including expansion of retail sq. ft., we remain excited about AFL's journey ahead," he added. In the previous year, Arvind Beauty Brands Retail Ltd (ABBRL) was acquired by Reliance Beauty & Personal Care Ltd and ceased to be

Nykaa to scale up beauty, fashion biz in next 3 years: CEO Falguni Nayar

Moreover, Nykaa aims to grow its fashion business by 2.5x-3x over the next three years, as it looks to become Ebitda positive in the near future

Nykaa appoints Santosh Desai as independent director on its board

Desai served as the CEO of Future Brands for nearly 17 years. He has also served as the president of McCann, one of India's premier advertising agencies

RIL's new venture Tira bets on AI tools to push into Indian beauty market

The local beauty segment is expected to grow at 10% between 2022 and 2027, according to a September report by RedSeer Strategy Consultants and PeakXV, beating China's 7% and the US' 5%

Global vs local: A battle for dominance in beauty brands market in India

Beauty brands, many of them founded by celebs, are driving India's aspirational personal care market

Beauty and the best

To call sixty-year-old Marisa Rodriguez's victory in the Miss Universe Buenos Aires title a defiance of stereotypes is a stretch

Hindustan Unilever eyes growth in beauty segment amid market expansion

HUL will focus on face cleansing, sun care, light moisture, serums, body care, and masstige skincare

Cipla Health signs agreement, strengthens beauty play with Ivia's brands

Cipla Health strengthens beauty play in Tier II-VI towns with Ivia Beaute's cosmetics, personal care distribution and marketing biz

Cipla to acquire Ivia Beaute's cosmetics, personal care biz for Rs 130 cr

Pharma major Cipla Ltd will acquire the cosmetics and personal care distribution and marketing business of Ivia Beaute Pvt Ltd, including the latter's brands Astaberry, Ikin and Bhimsaini, on a worldwide basis for Rs 130 crore, according to a regulatory filing by the company. Cipla Health Ltd (CHL), a wholly owned subsidiary and consumer healthcare arm, has signed a Business Transfer Agreement (BTA) for purchase of the distribution and marketing business undertaking of the cosmetics and personal care business of Ivia Beaute Pvt Ltd, Cipla said. This strategic move is aligned with Cipla's focus on enhancing its consumer healthcare and wellness portfolio, it added. The acquisition will include Ivia Beaute's brands namely Astaberry, Ikin and Bhimsaini on a worldwide basis, the company said. On the cost of acquisition, Cipla said it will be "Rs 130 crore on the closing date and Rs 110 crore contingent upon achievement of certain financial parameters (milestones) for next 3 years as ...

Miss World contestants pay homage to RSS founder Hedgewar at his memorial

Six contestants of the Miss World 2024 beauty pageant along with Julia Morley, chairman and CEO of the Miss World Organization, visited the memorial of Dr K B Hedgewar at Reshimbagh here and paid tributes to the RSS founder, its functionary said. They visited the Dr Hedgewar Smruti Mandir on Thursday, where they also paid tributes to the second chief of the Rashtriya Swayamsevak Sangh (RSS) M S Golwalkar. The Instagram account of Miss World posted the pictures of six Miss World contestants visiting Dr Hedgewar Smruti Mandir to pay respects to him and learn about the humanitarian activities of the RSS. The post said it was an "inspiring experience" for the contestants and a "nice exchange of ideas".

Beauty retailers report high demand for prestige and premium segments

Beauty retailers report high demand for prestige and premium segments

Festival demand didn't meet expectations: Honasa Consumer CEO Varun Alagh

He dwells on the company's Q3 performance, challenges, and plans

Instagram reels influence beauty purchases in India, study reveals

A survey reveals that Instagram reels dominate beauty purchases in India. Meta report revealed that 47 per cent of consumers get to know about the products through Instagram reels

Revlon to double business in next 2 yrs in India, to open 300 more outlets

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

India's beauty and personal care market to touch $30 billion by 2027

The growth prospects of the Indian BPC industry are further strengthened in light of low penetration levels