Godrej Consumer eyes niche hair styling segment

05 May 2011 Evaluate

Godrej Consumer Products Ltd (GCPL) is expected to enter the niche hair styling category with an acquired global brand — Salon Selectives. It would now be competing against the likes of salon brands such as L'Oreal and Schwarzkopf. Hair styling is a small niche category estimated at Rs 200 crore. GCPL would be targeting professional salons to introduce the brand at the mass end of the market. In fact, recently, the hair styling category for the company has no brand presence with the exit of the Brylcreem brand which belonged to Sara Lee.

Salon Selectives is a line of hair care products, ranging from shampoos and hair conditioners to mousses, sprays, gels, and oils. Salon Selectives was the first salon-inspired mass market hair care brand introduced by Helene Curtis in 1987. It was acquired by Unilever in 1996 and was revamped in 2000 with all-new products bearing catchy names (like Perfectly Normal shampoo and Hold Tight Hair spray). In 2011, the line was re-launched again with 32 oz bottles designed to give consumers salon grade products at everyday value pricing. The brand recently became a part of Keyline Brands, the Godrej Group's first acquisition in 2005.

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Godrej Consumer Prod Share Price

1193.20 14.95 (1.27%)
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Hindustan Unilever 2445.40
Godrej Consumer Prod 1193.20
Dabur India 512.90
Colgate Palmol. (I) 2722.80
P&G Hygiene 15837.15
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