Honasa Consumer acquires CosmoGenesis Labs
Honasa Consumer is the holding company of Mamaearth, The Derma Co., Aqualogica, Dr Sheths
CosmoGenesis is a skincare brand founded by Rohini Manoj in the year 2011
Honasa Consumer Ltd has announced the acquisition of the assets of CosmoGenesis Labs. With this acquisition, Honasa has taken a significant leap in research driven innovation and underscores the capabilities to stay ahead of the curve in terms of crafting for Indian consumers. Honasa Consumer is the holding company of Mamaearth, The Derma Co., Aqualogica, Dr Sheths and a fast-growing House of Brands for personal care.
Talking about the acquisition, Ghazal Alagh, CIO and Co-founder, Honasa Consumer Limited, said, “The strategic alliance with CosmoGenesis will exponentially increase our ability to research new trends with greater efficiencies and help craft best-in-class products. This acquisition empowers us to tap into new sub-categories, leverage cutting-edge research and development, and ultimately, deliver exceptional value to our consumers.”
In Q4 FY 24, Honasa witnessed revenue from operations growth at 21.5% year-on-year. With a 780-bps improvement in EBITDA margins year-on-year, the company clocked its quarterly Profit After Tax (PAT) of Rs 30 crore.
CosmoGenesis is a skincare brand founded by Rohini Manoj in the year 2011. The brand has over 5000 cosmetic and personal care formulations for businesses in India. “We have been working with Honasa Consumer for some time now and have worked on some incredible innovations. Our shared commitment to innovation and excellence, particularly in botanical ingredients and natural beauty care, ensures that we will continue to create groundbreaking products that our consumers can trust,” said Rohini Manoj, Founder, CosmoGenesis.
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October 2, 2024