{"id":35149,"date":"2024-04-25T12:10:07","date_gmt":"2024-04-25T12:10:07","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/25\/mamaearth-parent-bets-on-made-for-india-goods-in-worlds-fastest-growing-beauty-market\/"},"modified":"2024-04-25T12:10:07","modified_gmt":"2024-04-25T12:10:07","slug":"mamaearth-parent-bets-on-made-for-india-goods-in-worlds-fastest-growing-beauty-market","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/25\/mamaearth-parent-bets-on-made-for-india-goods-in-worlds-fastest-growing-beauty-market\/","title":{"rendered":"Mamaearth parent bets on made-for-India goods in world\u2019s fastest growing beauty market"},"content":{"rendered":"
\"Mamaearth<\/div>


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Honasa Consumer Ltd<\/a>., the newly listed parent of India<\/a>\u2019s personal-care<\/a> brand Mamaearth<\/a>, is taking on global giants in the world\u2019s fastest-growing beauty market<\/a> with onion hair oil and curd-and-turmeric face masks.
India\u2019s consumers increasingly want products made from local natural ingredients and crafted specifically for them, Varun Alagh, co-founder and the chief executive officer of Honasa Consumer, said in an interview. <\/p>\n
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International competitors, on the other hand, mostly offer Indian consumers products from their international portfolios, he said.<\/p>\n

Honasa\u2019s products are made with India\u2019s tropical weather and cultural nuances in mind, Alagh said. \u201cThat\u2019s where we have an edge,\u201d he said.<\/p>\n

One-third of the beauty and wellbeing brands made available in India by Hindustan Unilever Ltd.<\/a>, or HUL, are from Unilever Plc\u2019s global portfolio of products, based on data from their websites. But companies like HUL \u2014 now marketing its own new personal-care products such as Simple and Love, Beauty and Planet \u2014 are switching gears. Estee Lauder Companies Inc. in March rolled out limited-edition lipsticks called \u201cthe colour story of India.\u201d<\/p>\n

The strategy of adapting products to local tastes worked in next-door China \u2014 at least initially. <\/p>\n

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Chinese beauty labels, such as lipstick and mascara brand Perfect Diary and hyaluronic acid cream maker Biohyalux, scored early market gains against global rivals. But Bloomage Biotechnology Corp Ltd. and Yatsen Holding Ltd. \u2014 respective parent companies of Biohyalux and Perfect Diary \u2014 have seen growth sharply curtailed since 2022 amid China\u2019s sputtering economy, raising questions about the sustainability of the brands.Honasa Consumer is a leader in a bounty of new personal-care niche brands challenging global giants in India, according to Redseer Management Consulting Pvt., which does not provide a market breakdown. Honasa\u2019s success underscores the appeal of products aimed at Indian preferences as opposed to selling goods geared for western markets.<\/p>\n

In March, the Gurgaon-based company launched cosmetics brand Staze, adding to its portfolio that also includes water-based skincare brand Aqualogica and Indian-skin specific Dr. Sheth\u2019s. <\/p>\n

A fast-expanding middle class is expected to propel India\u2019s beauty and personal-care industry at an average annual rate of 10% between 2022 and 2027, the fastest in the world, according to Redseer. <\/p>\n

Honasa Consumer\u2019s flagship brand Mamaearth<\/a>, started in 2016, markets \u201ctoxin-free\u201d products created with India-made ingredients, such as a bentonite clay face pack as well as onion hair oil.<\/p>\n

The beauty firm\u2019s revenue in the quarter ended Dec. 31 jumped 28% to 4.88 billion rupees ($58.6 million). Profit grew 264% in the same period to 259 million rupees.<\/p>\n

Honasa Consumer raised 17 billion rupees in a Mumbai November listing. Its shares have gained about 32% since it started trading on Nov. 7, while India\u2019s benchmark index Nifty 50 has risen 15.4% in the same period.<\/p>\n<\/div>\n


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Honasa Consumer Ltd., the newly listed parent of India\u2019s personal-care brand Mamaearth, is taking on global giants in the world\u2019s fastest-growing beauty market with onion hair oil and curd-and-turmeric face masks.India\u2019s consumers increasingly want products made from local natural ingredients and crafted specifically for them, Varun Alagh, co-founder and the chief executive officer of Honasa […]<\/p>\n","protected":false},"author":2,"featured_media":35150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/88591548.cms","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[4910,38455,5091,16731,13679,7265,38457,38456,273,38458,26956,1602,14270,8821,2306],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/35149"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=35149"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/35149\/revisions"}],"predecessor-version":[{"id":35151,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/35149\/revisions\/35151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/35150"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=35149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=35149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=35149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}