HUL eyes acquisitions in masstige beauty segment

The company has already been growing it's presence in this segment having launched five brands including brands built organically like Novology and brands like Love Beauty Planet, which it brought from Unilever’s global portfolio to India.

"But equally, if there is a fabulous brand externally, which we think adds value and can do a good job with a portfolio, we're always open for bolt on acquisitions as well,” Tiwari said.

HUL's last two strategic investments were in Health & Wellbeing, a category it forayed into by acquiring a majority stake in Oziva and a minority stake in Wellbeing Nutrition.

Going forward, Tiwari said that while company will continue to evaluate more strategic investments in this space as well. The focus within health and wellbeing, he said, will be in the areas of gut health, beauty, protein, vitamins and mineral supplements.

In addition to strategic investments, HUL will also look to bring some brands from the global stable of Unilever in this category to the country.