Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  GlobalData Plc    DATA   GB00B87ZTG26

GLOBALDATA PLC

(DATA)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

GlobalData : India's haircare sector set to grow at 10.2% CAGR during 2019–2024, forecasts GlobalData

share with twitter share with LinkedIn share with facebook
06/30/2020 | 05:44am EDT
30 Jun 2020
India's haircare sector set to grow at 10.2% CAGR during 2019-2024, forecasts GlobalData
Posted in Consumer

The haircare sector in India is forecast to grow from INR308.7bn (US$4.4m) in 2019 to INR501.4bn (US$6.5m) by 2024, recording a compound annual growth rate (CAGR) of 10.2%, says GlobalData, a leading data and analytics company.

GlobalData's report, 'India Haircare - Market Assessment and Forecasts to 2024', reveals that the conditioner category led the sector accounting for value sales of INR96.7bn (US$1,584.5m) in 2019. It was followed by shampoo and hair colorants categories.

Styling agents category is forecast to register the fastest value growth at a CAGR of 13.2% during 2019-2024 while the hair colorants category is expected to gain maximum market share in value terms during the same period.

Susmitha Bynagari, Consumer Analyst at GlobalData, says: 'While the hair care sector in India still remains elemental with respect to regime and types of products purchased, steady economic growth and disposable incomes, and growing awareness particularly among the urban consumers, are driving the demand for premium hair styling products including hair sprays, hair gels and hair colorants, and conditioners.'

The per capita consumption (PCC) of haircare in India is marginally higher compared to the regional average but lower compared to the global average. It stood at 1.7 units in 2019 and is expected to increase to 2.3 units in 2024.

Marico Ltd., Unilever and L'Oreal SA are the top three companies in the Indian haircare sector accounting for a combined value share of 45% in 2019.

Private labels, which account for a small share, are growing at a higher CAGR than the brands in the sector. Among the distribution channels, convenience stores led the sector with a value share of 55.3% in 2019.

Bynagari concludes: 'Growing concerns about hair fall due to hereditary, dietary, environmental and stress factors is fuelling the demand for products that claim to treat hair loss. Manufacturers have attempted to harness the popularity of local and natural ingredients such as bhringraj and tulasi in haircare products such as shampoos, which are expected to drive demand in the future.'

Disclaimer

GlobalData plc published this content on 30 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2020 09:43:07 UTC

share with twitter share with LinkedIn share with facebook
Latest news on GLOBALDATA PLC
01:26aGLOBALDATA : Davis Polk & Wardwell and AZB & Partners top legal advisers in Asia..
PU
07/11GLOBALDATA : Airlines more likely to extend life of existing models rather than ..
PU
07/10GLOBALDATA : COVID-19 increases demand for remote functionality in implantable l..
PU
07/10GLOBALDATA : Simpson Thacher & Bartlett and Kirkland & Ellis were top legal advi..
PU
07/10GLOBALDATA : JP Morgan and Goldman Sachs were top financial advisers by value an..
PU
07/10B737 MAX's troubles could extend far beyond current COVID-19 crisis, says Glo..
AQ
07/10GLOBALDATA : Mine warfare is set to be revolutionized by maritime unmanned vehic..
AQ
07/10GLOBALDATA : Freshfields Bruckhaus Deringer and CMS were top legal advisers by v..
PU
07/10GLOBALDATA : Morgan Stanley and EY top financial advisers in Asia-Pacific during..
PU
07/10GLOBALDATA : COVID-19 will accelerate pay-TV services revenue decline in Austral..
PU
More news
Financials
Sales 2020 186 M 235 M 235 M
Net income 2020 23,0 M 29,0 M 29,0 M
Net Debt 2020 35,1 M 44,2 M 44,2 M
P/E ratio 2020 79,2x
Yield 2020 1,19%
Capitalization 1 681 M 2 126 M 2 118 M
EV / Sales 2019
EV / Sales 2020 9,21x
Nbr of Employees 3 355
Free-Float 26,1%
Chart GLOBALDATA PLC
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 1 200,00 GBX
Last Close Price 1 425,00 GBX
Spread / Highest target -15,8%
Spread / Average Target -15,8%
Spread / Lowest Target -15,8%
EPS Revisions
Managers
NameTitle
Michael Thomas Danson Chief Executive Officer & Director
Bernard Anthony Cragg Chairman
Graham Charles Lilley Chief Financial Officer, Secretary & Director
Peter Martin Harkness Independent Non-Executive Director
Murray Legg Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GLOBALDATA PLC10.47%2 126
S&P GLOBAL INC.28.84%84 751
RELX PLC-5.01%44 047
THOMSON REUTERS CORPORATION-1.07%33 508
WOLTERS KLUWER7.63%20 918
EQUIFAX INC.16.41%19 799