Vitamins Hair Growth

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Opinion: Action Must Be Taken to Prevent Racial Hair Discrimination | Opinion

    February 1, 2023

    Not just skin, increased screen time can affect hair too – here’s how

    February 1, 2023

    Benefits of using curry leaves as part of your hair care routine

    February 1, 2023
    Facebook Twitter Instagram
    • Home
    • Contact us
    • DMCA
    • Privacy Policy
    Facebook Twitter Instagram
    Vitamins Hair Growth
    • Home
    • Beauty

      Timeless Beauty Age Rewinding Serum Review (DeRose Health)

      February 1, 2023

      Health care brand Welly joins the body care boom

      February 1, 2023

      Beauty Pill: Blue Period album review

      February 1, 2023

      West Virginia’s Awesome Beauty | Opinion

      February 1, 2023

      Pamela Anderson thinks she’s ‘kind of weird looking’, not ‘great beauty’: ‘I can’t wait to see myself grow old’

      February 1, 2023
    • Curly Hair

      Oscar-bound short lifts the veil for Iranian women who reject male domination

      February 1, 2023

      At a Minneapolis salon for natural hair, women wonder if the CROWN Act will help

      January 31, 2023

      Rishi’s racist comment on The Other Way

      January 31, 2023

      Why Shea Butter Is A Magical Skin Ingredient

      January 31, 2023

      8 curly hair creators to follow on TikTok

      January 31, 2023
    • Hair

      Not just skin, increased screen time can affect hair too – here’s how

      February 1, 2023

      Formulating simple, high-performance hair care products

      February 1, 2023

      The new headband trend Nicola Peltz loves

      February 1, 2023

      15 Best Dry Shampoos to Revive Sweaty Hair After Workouts

      February 1, 2023

      Olaplex’s First-Ever Dry Shampoo Absorbs Oil to Repair Damaged Hair

      February 1, 2023
    • Hair Care

      Benefits of using curry leaves as part of your hair care routine

      February 1, 2023

      Olaplex Launches Dry Shampoo, Fans Will Love It

      February 1, 2023

      Patterns from Tracee Ellis Ross’ Hair Care Brand at Macy’s – WWD

      February 1, 2023

      Black owned businesses you can support all the time

      January 31, 2023

      Second Generation Hair Care Business Still Thriving After 76 Years – Oswego County Today

      January 31, 2023
    • Hair Health

      How 4 Muslim women take care of their hair

      February 1, 2023

      A Multimedia Overview of Black Beauty, Barbers, Stylists and Styles

      February 1, 2023

      The Best scalp oils for hair growth

      January 31, 2023

      I am a beauty editor and hair oil is a must-have product for me

      January 31, 2023

      What is a hair cycle?An expert explains how to do it right

      January 31, 2023
    • Hairstyles

      Opinion: Action Must Be Taken to Prevent Racial Hair Discrimination | Opinion

      February 1, 2023

      Valentine’s Day 2023: 5 celebrity-inspired hairstyles to rock the fashion game

      February 1, 2023

      Best women’s hairstyles of 2023: Top 5 trending cuts most recommended by stylists

      February 1, 2023

      Hollywood hairstylist Justy Embry breaks down how much work went into Storm Reed’s braids — Femestella

      February 1, 2023

      Jermaine Dupri is back with a new ‘hot boy’ hairstyle

      February 1, 2023
    • Professional Hair Care

      Paul Mitchell Names Land Protector Model Quanna Chasing Horse Global Ambassador

      January 31, 2023

      Zotos Professional Selects CRC as Accreditation Authority for Better Natured® Vegan Hair Care and Color Brands

      January 31, 2023

      [Latest Report] Global and regional analysis outlook, forecast for the global residential water treatment equipment market

      January 25, 2023

      [Latest Report] Global and regional analysis outlook, forecast for the global residential water treatment equipment market

      January 25, 2023

      How Angus Mitchell Continues Father Paul’s Legacy

      January 24, 2023
    Vitamins Hair Growth
    Home»Professional Hair Care»Comparison of PE ratio with Nykaa, HUL, etc. amid concerns over valuation

    Comparison of PE ratio with Nykaa, HUL, etc. amid concerns over valuation

    vitaminshairgrowth_uuv1fgBy vitaminshairgrowth_uuv1fgJanuary 10, 2023No Comments6 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Speculation has swirled around Mamaearth’s valuation since parent company Honasa Consumer submitted a draft prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) on December 29.

    Honasa Consumer said it was considering funding ¥2,400 SEK through an initial public offering (IPO).The company plans to raise about ¥According to the company’s DRHP report, 400 million came from the issuance of new shares, and the remainder came from shareholders’ offers to sell up to 46,819,635 shares (OFS).

    In January 2022, the company raised $52 million at a $1.2 billion valuation. Valuation jumped in less than a year ¥24,000 kroner or $3 billion. However, this has raised valuation concerns among investors. ¥$1.4 billion for the fiscal year ending 2022.

    Mamaearth co-founder Ghazal Alagh denies claims about the company’s high valuation. “Valuations are not mentioned in our DRHP as it is standard practice. Discovering valuations is a process that takes place over time as we enter deeper conversations with our investor community.” she tweeted last Wednesday.

    “I have not quoted or subscribed to the valuations mentioned in various posts on social media,” she said.

    Let’s take a look at Mamaearth’s financials, recent acquisitions and business opportunities, as reported in the company’s DRHP report.

    About the company

    Ghazal Alagh and Varun Alagh launched Mamaearth in 2016. The company is engaged in the business of distributing beauty and personal care products (“BPC”). Since its inception, the company has added his five new brands to its portfolio. The Derma Company, Aqualogica, Ayuga, BBlunt and Dr Sheth’s.

    According to RedSeer Report, as of Q2 FY2023, Mamaearth is India’s fastest growing BPC brand with an annual revenue of ¥The company said in its DRHP report that it achieved 10 billion within six years of its launch (last 12 months).

    Mamaearth captured 5.3% market share in Indian online BPC market in calendar year 2021.

    As of September 30, 2022, the company’s portfolio of brands with differentiated value propositions includes products in the baby care, face care, body care, hair care, color cosmetics and fragrance segments.

    Purpose of offer

    Honasa Consumer will use the net income for advertising expenses to increase brand awareness and name recognition, investment in subsidiary BBlunt to open new salons, and capital expenditures to open new EBOs.

    detail Approximate amount of money ( ¥Cr)
    Advertising expenses to improve brand recognition 186
    Capital expenditure incurred by the Company to set up a new EBO 34.2
    Invested in subsidiary BBlunt to open new salons 27.51
    General corporate purposes and unspecified inorganic acquisitions –
    Source: Company RHP Report

    market opportunity

    The Indian BPC product market is undergoing a radical re-industrialization due to technological convergence, demographic dividend and rising consumer aspirations.

    Moreover, the market for BPC products in India is expected to grow from approximately $17 billion in 2021 to approximately $30 billion in 2026, at a CAGR of approximately 12%. Food & Groceries, Jewelry & Watches, Fashion, Home Appliances, Home & Life, Pharmacy & Wellness, etc. in India during this period.

    India’s per capita spending on BPC products is currently one of the lowest compared to some other developing countries, and as its GDP per capita approaches $2,000, growth is on the rise. at the apex. This is a key inflection point observed in other developing countries.

    bargain

    In March 2022, the company acquired BBlunt Salons and the BBlunt products business with the goal of expanding its portfolio into the professional hair care and styling segment.

    Salon service space was worth about US$8 billion in 2021. This includes men’s salon services worth about US$2.7 billion in 2021 and women’s services worth about US$4.2 billion. 2021 includes approximately USD 1.2 billion of beauty spas and beauty treatments.

    Mamaearth also acquired Dr Sheth’s in April 2022 and operates through its subsidiary, Fusion Cosmeceutics Private Limited.

    Dr Sheth’s offers specialty skin care solutions crafted with a combination of natural and active ingredients. Dr Sheth’s has been developed by three generations of skin his specialists, with a focus on nature-inspired and scientifically-validated products, according to the company’s DRHP report.

    Finance

    According to the DRHP report, the company’s net profit in the first half of 2023 is ¥367 million.The company recorded the following earnings ¥722.73 million rupees for the six months to September 2022.

    reported the total revenue of ¥943 million rupees in FY22, ¥460 million in FY21. According to DRHP, the company will make a net profit of ¥Net loss of $14.1 billion vs. $14.1 billion in 2022 ¥$133.2 billion in 2021; ¥428 million in FY20.

    Finance ( ¥Cr) First half of 2023 2022 2021 2020
    Operating revenue 722.73 943 460 109.78
    Advertising expense 271.9 391.5 177.9 45.85
    net profit/loss 3.67 14.1 -1332 -428
    Source: RHP Report

    Most of the company’s revenue in FY22 and FY21 came from online channels with 70% and 81% respectively, while the offline segment recorded 28% and 18% share in FY22 and FY21. Did.

    For the years 2020, 2021, 2022 and the six months ended September 30, 2022, the Company’s advertising expenses were ¥4.585 billion, ¥177.9 million, ¥391.5 million rupees, and ¥271.9 million each. On a consolidated basis, these charges accounted for 41.76%, 38.68%, 41.49% and 37.63% of total revenues for these periods.

    The company said fierce competition could hurt its operating margins. “We face stiff competition from a number of competitors, some of which are larger, spend more on advertising and marketing, and have far more advantages than us, such as the ability to offer significant discounts. I have many resources.

    “We also face competition from new entrants who can flexibly respond to changing business and economic conditions. In addition, competitors may innovate more quickly and efficiently, and new technologies will It may increase competitive pressure by enabling competitors to offer more efficient or lower cost products.

    evaluation

    The company’s 2022 net profit is ¥Taking into account the 14 kronor, the price/earnings ratio is 1,714 times. Valuations were expensive compared to other stocks in the same peer group.

    company name PE ratio
    Mama Earth * 1714x
    nikah 964x
    Spring 63.9 times
    godrej consumer 58.2x
    Gillette India 55.2 times
    Mariko 53.9 times
    Colgate-Palmolive (India) 39.2 times
    Emami Co., Ltd. 22.2 times
    Bajaj Consumer Care Limited 18.4 times
    (Source: Trendlyne) *Expected valuation

    FMCG giant Mariko, which has a strong pie in personal care brands, is trading at 53 times revenue. Similarly, other stocks including Godrej Consumer, Gillette India and Emami are trading at 58x, 55x and 22x earnings respectively.

    New-age technology stocks that have gone public at high valuations have eaten away at investors’ wealth since going public. For example, shares of Paytm, Nykaa, Zomato and PB Fintech are trading 30-70% below their IPO prices. Investors compare his Mamaearth valuation to Paytm and Nykaa.

    Disclaimer: The views and recommendations above are those of the individual analyst or brokerage firm and not those of MintGenie.

    Number of IPOs

    Number of IPOs



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    vitaminshairgrowth_uuv1fg
    • Website

    Related Posts

    Paul Mitchell Names Land Protector Model Quanna Chasing Horse Global Ambassador

    January 31, 2023

    Zotos Professional Selects CRC as Accreditation Authority for Better Natured® Vegan Hair Care and Color Brands

    January 31, 2023

    [Latest Report] Global and regional analysis outlook, forecast for the global residential water treatment equipment market

    January 25, 2023

    Leave A Reply Cancel Reply

    Don't Miss

    Opinion: Action Must Be Taken to Prevent Racial Hair Discrimination | Opinion

    Hairstyles February 1, 2023

    Cultural expressions always make people feel part of something bigger than themselves. They can cast…

    Not just skin, increased screen time can affect hair too – here’s how

    February 1, 2023

    Benefits of using curry leaves as part of your hair care routine

    February 1, 2023

    How 4 Muslim women take care of their hair

    February 1, 2023
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Our Picks

    Opinion: Action Must Be Taken to Prevent Racial Hair Discrimination | Opinion

    February 1, 2023

    Not just skin, increased screen time can affect hair too – here’s how

    February 1, 2023

    Benefits of using curry leaves as part of your hair care routine

    February 1, 2023

    How 4 Muslim women take care of their hair

    February 1, 2023
    About Us

    This website provides information about Hair Care and other things. Keep Supporting Us With the Latest News and we Will Provide the Best Of Our To Makes You Updated All Around The World News. Keep Sporting US.

    Facebook Twitter Pinterest YouTube WhatsApp
    Our Picks

    Opinion: Action Must Be Taken to Prevent Racial Hair Discrimination | Opinion

    February 1, 2023

    Not just skin, increased screen time can affect hair too – here’s how

    February 1, 2023

    Benefits of using curry leaves as part of your hair care routine

    February 1, 2023

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    © 2023 vitaminshairgrowth. Designed by vitaminshairgrowth.
    • Home
    • Contact us
    • DMCA
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.