Brands
Marico buys 75 per cent of Vietnam’s Skinetiq
Rs 350 crore deal gives the FMCG major a fast lane into D2C skincare
MUMBAI: Marico is giving its international beauty ambitions a fresh coat of glow. The FMCG major has signed definitive agreements to acquire a 75 per cent stake in Vietnam-based Skinetiq, valuing the digital-first skincare company at about Rs 350 crore.
The investment is being made through Marico South-East Asia Corporation, its wholly owned subsidiary, and marks a clear push into Vietnam’s rapidly growing direct-to-consumer beauty space.
Founded in 2020 by Bui Ngoc Anh and beauty creator Hannah Nguyen, Skinetiq owns science-backed skincare label Candid and also holds exclusive distribution rights in Vietnam for luxury clinical brand Murad. Nguyen brings strong social influence to the table, with more than 1.5 million followers across TikTok and Facebook.
Skinetiq has grown quickly on the back of social commerce and dermatologist-led content, clocking revenues of around Rs 152 crore in calendar year 2025 with mid-twenties Ebitda margins. Vietnam’s beauty market is also tilting online, with about half of category consumption now driven by e-commerce and social channels.
Candid operates in the mid-premium segment with an ingredient-led portfolio that includes retinol treatments, barrier repair creams, exfoliating acids, brightening masks and peptide-based eye care.
Marico’s MD and CEO Saugata Gupta said the deal reflects the company’s intent to build a stronger premium beauty presence in Vietnam while scaling its international D2C strategy. He noted that the partnership creates a platform to launch more brands and tap the country’s fast-moving digital beauty ecosystem.
Skinetiq founder Bui Ngoc Anh said the partnership will help the company accelerate innovation and deepen its connection with Vietnamese consumers as it enters its next growth phase.
Brands
Angel One Q4 profit surges 83 per cent to Rs 320cr
year net profit dips 22 per cent to Rs 915cr as revenue softens slightly to Rs 5,137cr.
MUMBAI: Angel One has just earned its wings in style delivering a blockbuster Q4 that proves the brokerage giant is still flying high even in a cautious market. Standalone revenue from operations for the three months ended 31 March 2026 rose sharply to Rs 1,459cr, up from Rs 1,056cr a year ago. Total income stood at Rs 1,467cr. After all expenses, profit before tax came in at Rs 440cr, while net profit for the quarter surged 83 per cent to Rs 320cr (versus Rs 175cr last year). Basic EPS stood at Rs 3.52 and diluted at Rs 3.44.
For the full year ended 31 March 2026, revenue from operations was Rs 5,137cr compared with Rs 5,238cr in FY25. Total income reached Rs 5,152cr. Profit before tax was Rs 1,272cr, and net profit came in at Rs 915cr (down from Rs 1,172cr). Basic EPS was Rs 10.09 (from Rs 13.00) and diluted Rs 9.85 (from Rs 12.68).
Total comprehensive income for the quarter stood at Rs 321cr, while the full-year figure was Rs 913cr.
The strong quarterly performance reflects robust growth in interest income (Rs 455cr) and fees & commission (Rs 1,000cr), even as the full-year numbers moderated amid a softer overall environment. Finance costs rose to Rs 134cr in Q4 (full year Rs 437cr), while employee benefits stood at Rs 244cr for the quarter (full year Rs 1,067cr).
In a year when many brokers felt the pinch of muted market activity, Angel One has delivered a sparkling Q4 that shows its core broking engine is firing on all cylinders. With the books now closed on FY26, the Mumbai-based player has once again demonstrated that consistent execution and a sharp focus on retail participation continue to pay rich dividends in India’s booming capital markets.
