Marico Limited — JV/Acquisition, 09-02-2026: Acquisition

Marico's subsidiary is acquiring a 75% stake in Skinetiq, a Vietnam-based D2C skincare company, for an equity valuation of approx. ₹350 Cr. This strategic move strengthens Marico's premium beauty portfolio and D2C presence in Vietnam, a key growth market. Skinetiq owns the digital-first brand 'Candid' and distributes 'Murad', tapping into Vietnam's booming e-commerce and social commerce beauty segment. Skinetiq reported ₹152 Cr in revenues for CY2025, showing rapid growth and profitability, aligning with Marico's vision for future beauty and portfolio premiumization.