Recently, Honasa Consumer, the holding company of popular personal care brands such as Mamaearth, The Derma Co., Aqualogica, and Dr. Sheths, has announced a strategic acquisition of CosmoGenesis Labs, a renowned entity in the premium skincare solutions industry. CosmoGenesis, a sole proprietorship founded by Rohini Manoj in 2011. It is stated that over the years, it has developed more than 5,000 formulations, earning a reputation for its commitment to innovation and quality.
This acquisition marks a pivotal move for Honasa Consumer as it aims to enhance its research-driven innovation capabilities. By integrating CosmoGenesis’s extensive R&D expertise, particularly in natural and organic formulations, Honasa plans to stay at the forefront of the personal care industry in India.
Ghazal Alagh, CIO and co-founder of Honasa Consumer, emphasized the importance of this acquisition: “Innovation has been at the core of Honasa Consumer, and data-driven consumer research has kept us ahead of the curve in the personal care segment. This strategic alliance with CosmoGenesis will exponentially increase our ability to research new trends with greater efficiencies and help craft best-in-class products. It helps lay foundational setting for transformative growth and innovation in profound ways. This acquisition empowers us to tap into new sub-categories, leverage cutting-edge research and development, and ultimately, deliver exceptional value to our consumers. ”
Rohini Manoj, founder of CosmoGenesis, expressed her enthusiasm for the partnership: “We have been working with Honasa Consumer for some time now and have worked on some incredible innovations. As we join forces with Honasa, I am thrilled about the immense potential this partnership holds. 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.”
According to Honasa Consumer’s recent financial report, the revenue for the fourth quarter of the 2024 fiscal year was INR 4.71 billion, marking a year-on-year growth of 21.5%. The company stated that the fourth quarter of the 2024 fiscal year achieved its highest quarterly profit ever, reaching INR 300 million.
