Marico Limited — JV/Acquisition, 02-04-2026: Acquisition

Marico's subsidiary, MSEA, has completed the acquisition of a 75% stake in Skinetiq Joint Stock Company, a Vietnam-based firm. Skinetiq brings the digital-first skincare brand 'Candid' and exclusive distribution rights for 'Murad' in Vietnam. This strategic move significantly boosts Marico's foothold in the expanding Vietnamese beauty market, enhancing its product portfolio with digital-native brands. Skinetiq now operates as a Marico subsidiary, marking a key step in the company's regional growth and direct-to-consumer strategy.