“Emami’s completion of the acquisition of Helios will strengthen its place within the fast-growing digital precedence sector high quality male grooming part,” it mentioned.
Emami beforehand acquired a 33.09% stake in Helios in two tranches, one in December 2017 and the opposite in February 2019.
Man Company, a Number first Way of life model providing premium males’s grooming merchandise in classes together with perfume, skincare, hair care, physique care and beard administration.
“This phase presents enormous potential for innovation grow. In line with the assertion, Emami has turn out to be an energetic participant within the male grooming subject via its model Honest and Good-looking. Not solely invested in ” Man Corporation” As a result of we may foresee its enormous potential, however have been equally impressed and delighted by the promoter’s imaginative and prescient and dedication to creating it a robust model. With the acquisition of 100% of the corporate now full, we’re excited to take the model to the subsequent stage of development. Alternatives to develop and enter new product classes.
Emami, which has acquired AloFrut, Creme21 and Zandu up to now, will proceed to discover such development alternatives, permitting it to enter new market segments and broaden its gaming universe.
Emami mentioned in its newest annual report that 45% of its FY24 income got here from acquired manufacturers, with the proportion of income from non-rural areas growing.
Emami, which owns manufacturers like Navratna, Boroplus, Zandu, Honest and Good-looking, Kesh King and Dermicool, had a turnover of Rs 2,921.57 crore in FY24.
