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On listing day, Honasa founders say they are eyeing a global play for the personal-care company

Economic TimesEconomic Times · 1y ago
On listing day, Honasa founders say they are eyeing a global play for the personal-care company
Medial

Honasa Consumer, the parent company of beauty and personal care brand Mamaearth, has listed on the stock exchanges and aims to take Indian skincare products global. The company's CEO expressed the desire to make Indian beauty a global phenomenon, following the success of global beauty companies like French and Korean brands. Honasa Consumer's IPO was oversubscribed, and the company plans to expand Mamaearth's presence in international markets by appointing channel partners. The listing is seen as a significant milestone for the company's growth and future opportunities in the beauty and personal care sector. (source: https://economictimes.indiatimes.com/tech/technology/on-listing-day-honasa-founders-say-they-are-eyeing-a-global-play-for-the-personal-care-company/articleshow/105034734.cms)

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Mamaearth parent bets on made-for-India goods in world’s fastest growing beauty market

Economic TimesEconomic Times · 1y ago
Mamaearth parent bets on made-for-India goods in world’s fastest growing beauty market
Medial

Honasa Consumer Ltd., the parent company of India's personal-care brand Mamaearth, is gaining traction in the Indian beauty market by offering products made with local natural ingredients and tailored for Indian consumers. Unlike international competitors who mostly offer their global product portfolios, Honasa's brands, including Mamaearth, Staze, Aqualogica, and Dr. Sheth's, are designed specifically for Indian preferences. With a rapidly expanding middle class and a projected annual growth rate of 10% between 2022 and 2027, the Indian beauty and personal-care industry is attracting the attention of niche brands like Honasa Consumer, which recently reported strong financial results.

ICICI Securities Initiates Coverage On Honasa With ‘BUY’ Rating, Sees 28% Upside

Inc42Inc42 · 1y ago
ICICI Securities Initiates Coverage On Honasa With ‘BUY’ Rating, Sees 28% Upside
Medial

ICICI Securities has initiated coverage on Honasa Consumer Ltd, the parent company of Mamaearth, with a ‘BUY’ rating and a price target of INR 550 per share. The brokerage believes that Honasa's agile and low-risk business model, along with its digital-first approach, positions it well in the beauty and personal care industry. Honasa's portfolio of brands, including Mamaearth, The Derma Co, and others, is expected to benefit from industry growth. While the report highlights challenges in scaling offline distribution and the limitations of a niche natural ingredient-oriented approach, Honasa's newer brands are experiencing strong growth. Shares of Honasa have surged since listing on the stock exchanges in November last year.

MamaEarth’s parent Honasa Consumer appoints Kaustav Guha as VP of R&D

EntrackrEntrackr · 8m ago
MamaEarth’s parent Honasa Consumer appoints Kaustav Guha as VP of R&D
Medial

Honasa Consumer, which operates brands like Mamaearth, The Dream Co., Aqualogica, Bblunt, and Dr. Sheth, has appointed Kaustav Guha as Vice President of Research & Development at the Gurugram-based company. In this role, Guha will strengthen the company’s R&D capabilities and drive product innovation. He will be responsible for developing new technologies that enhance formulations and products across Honasa’s diverse portfolio of purpose-driven brands, the company stated in a press release. Additionally, he will bolster Honasa’s offerings of natural and sustainable formulations, advancing the company’s commitment to delivering safe, effective, and sustainable beauty and personal care products. Kaustav Guha brings over a decade of experience in the beauty and personal care space, having led product development at both global and Indian brands, including L’Oréal and Marico. Honasa expects that his expertise in product formulations will significantly contribute to its continued growth and efforts to empower the Indian beauty and personal care sector. According to Honasa, this move will complement its aim to push the boundaries of research and development in the Indian beauty and wellness industry. Earlier this year, in May, the company acquired CosmoGenesis Labs, a cosmetic formulation and development company specializing in premium skincare solutions. The company claims that the acquisition strengthened its expertise in research and development and empowered the brand to explore new sub-categories, delivering exceptional value to its customers. Honasa has more than 100,000 FMCG retail locations and an omni-channel distribution network that covers more than 18,000 pin codes in India, making its products accessible to customers in over 700 districts across the country.

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