CosmoGenesis Labs Acquired by Honasa Consumer

By Consultants Review Team Monday, 27 May 2024

The announcement has been made that CosmoGenesis Labs' assets have been acquired by Honasa Consumer Ltd. Through this purchase, Honasa has demonstrated its ability to remain ahead of the curve when it comes to creating for Indian customers and has made a substantial advancement in research-driven innovation. Mamaearth, The Derma Co., Aqualogica, Dr. Sheths, and a rapidly expanding House of Brands for personal care are all owned by Honasa Consumer.

"The strategic alliance with CosmoGenesis will exponentially increase our ability to research new trends with greater efficiencies and help craft best-in-class products," stated Ghazal Alagh, CIO and co-founder of Honasa Consumer Limited, in reference to the purchase. Through this purchase, we will be able to take advantage of cutting-edge research and development, expand into new subcategories, and ultimately provide our customers with outstanding value.

Honasa saw a 21.5% year-over-year increase in revenue from operations in Q4 FY 24. The firm recorded a quarterly Profit After Tax (PAT) of Rs 30 crore, with a 780-bps year-over-year improvement in EBITDA margins.

Rohini Manoj launched the skincare line CosmoGenesis in 2011. For companies in India, the brand offers more than 5000 formulas for personal care and cosmetics. "We have collaborated on several amazing inventions with Honasa Consumer for a while now. We will continue to develop ground-breaking products that our customers can rely on because of our shared dedication to innovation and excellence, especially in the areas of botanical ingredients and natural beauty care, said Rohini Manoj, founder of CosmoGenesis.

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