To add beauty to your portfolio, add these top 3 cosmetic stocks: The population of India has an unexplained love for cosmetics, which creates an opportunity for the cosmetic and personal care industries. Today we will be presenting 3 stocks that have been maintaining revenue growth with good fundamentals and operations in the cosmetics and personal care industries.
Top 3 Cosmetic Stocks in India
1. Hindustan Unilever Limited (HUL)
Presenting at number one is Hindustan Unilever, which has been a leader in its diversification of products. Their products are spread across different segments, and one such important segment for the company is beauty and personal care. The company was established in 1933 with a rich history of serving the Indian population for the past nine decades with its out-performing products.
The company has built various strategies that focus on the core for growth and acceleration in market development. The company is constantly involved in adding value to the lives of its customers and their health. The company has 29 factories, and the products it offers are at least being used by 9 or 10 households, which is a huge milestone for any company.
With 9 million retail outlets and more than 350 distributors across the country, the company has some huge names associated with it, like
- Lakme,
- Love beauty and planet.
- Novology,
- Pond’s
- TRESemme,
- Vaseline,
- Elle 18,
- Glow and lovely,
- Axe,
- Acnesquad,
- Clinic Plus,
- Dermalogica,
- Dove
- Indulekha
Their revenue from operations reached 60580 crores in FY23. The company has shown 15.51 percent growth year over year. The net profit of the company has significantly increased from 8892 crores in FY22 to 10143 crores in FY23. With a roe return on equity of 22.47% over 3 years and a roe return on capital employed of 27.27%, the company has shown great financial performance.
Promoters hold 61.90% of the company, which shows their confidence in the company, and FIIs hold 13.65% of the company.
2. Dabur India
One of the leading companies in consumer care in India is considered to be Dabur India. The company holds the first position globally in ayurvedic and natural care. The company has a greater focus on creating a social impact on society and improving people’s lives through its products and services.
With over 14 manufacturing facilities domestically and 8 owned manufacturing facilities globally, the company’s revenue depends on 75% domestically. Dabur India has over 7.7 million outlets, with a presence overseas spread across 120 countries.
Some famous personal care brands in their portfolio are
- Fem,
- Oxylife
- Gulabari.
The company has shown 5.89% year-on-year growth in its revenue, with 11530 crores in FY23.
3. Gillette India
Gillette India was incorporated in 1984 and has since provided IT services and products in various segments, including grooming and oral care. The company also acquired Procter & Gamble, popularly known as P&G, in 2005.
Gillette India has a strategy to reach its customers in mass through department stores and grocery stores. Gillette India provides products suitable for all kinds of tiers. They offer mid-tier to premium products, adding value to customers’ lives.
Some of the famous brands owned by the company include:
- Head and shoulders,
- Pantene,
- Olay
- Old spice.
The company had revenue of 2477 crores in FY23 and has shown 9.79% year-on-year growth. The company’s net profit has surged from 289 crore to 356 crore in FY23.
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies and not TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions. TheStockMarketLive. We advise investors to check with a certified expert before making any investment decisions.
