
Emami Limited has signed an agreement to acquire a 60% stake in IncNut Digital Pvt. Ltd. for ₹321 crore. The deal includes performance-based adjustments over 24 months. The company also plans to buy the remaining stake in 2 phases over the next 4.5 years, based on future performance.
IncNut operates 2 well-known personalised beauty brands:
Both brands follow a data-driven, direct-to-consumer model, offering customised solutions based on individual needs.
Vice Chairman & MD Harsha Vardhan Agarwal said the investment supports Emami’s strategy to grow in the fast-growing personalised beauty and personal care market.
He highlighted that:
Chaitanya Nallan said the partnership will help the brands scale faster, improve innovation, and expand reach using Emami’s strong distribution and consumer expertise.
Founded in 1974, Emami is a leading FMCG company in personal care and healthcare products. Its portfolio includes popular brands like Navratna, BoroPlus, Fair & Handsome, Zandu Balm, Mentho Plus, and Kesh King. The company sells products in over 5.4 million retail outlets in India and operates in 70+ countries worldwide.
The acquisition marks a major step for Emami to build a strong presence in personalised beauty and skincare. The deal combines IncNut’s technology-driven brands with Emami’s scale and distribution to capture future growth in the BPC market.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: May 7, 2026, 2:01 PM IST

Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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