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Tata Doubles Down on Beauty Business as Startups Blaze the Trail

  • Group set up Lakme in 1953, sold it in 1998 to Unilever India
  • New in-house cosmetics brands, store formats in the offing

Indian conglomerate Tata Group plans to reclaim ground in the beauty business it exited 23 years ago, with the local market for cosmetics forecast to be worth $20 billion by 2025.

Beauty products will be “a key focus for us” from now on along with footwear and underwear, Noel Tata, non-executive chairman of Trent Ltd., a Tata Group unit operating a chain of retail stores, said in an interview at his office in Mumbai. “Extended product line and experimentation with formats for these products are in the offing as we see these as growth areas in retail.”