M&A

M&A

Honasa Consumer to acquire men’s grooming brand Reginald for Rs.195-Cr

BSE Announcement   Inc42  

Publicly listed Honasa Consumer, the parent company of brands like Mamaearth, The Derma Co, Aqualogica, and Dr Sheth's, has acquired BTM Ventures Pvt Ltd (BVPL), the parent company of men’s personal care brand Reginald at an enterprise value of INR 195 Cr on a "no-cash no-debt" basis.Honasa will initially acquire a 95% stake through a secondary purchase and will acquire the remaining 5% after 12 months.Founded in 2022 by Trisha Reddy Talasani, Reginald Men offers products such as sunscreen, moisturiser, and hair and face serums, with 80% of its sales originating from South India. BVPL reported a turnover of INR 74 crore and an EBITDA of INR 18 crore with a 24% margin in FY26 (until October 2025).