Honasa enters men's personal care with ₹195 crore acquisition of Reginald Men

• Honasa Consumer Limited acquired a 95% stake in men's personal care brand Reginald Men for ₹195 crore.
• The acquisition marks Honasa's entry into the men's personal care category.
• Reginald Men, founded in August 2022, focuses on sunscreens and serums.
• The acquired brand reported over ₹70 crore in revenue and nearly 25% EBITDA in the last 12 months.
• Honasa's shares ended 0.87% lower on Thursday following the announcement.

Why It Matters: Honasa's acquisition of Reginald Men marks its strategic entry into men's personal care.