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MARICO · price
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Marico Limited has completed the acquisition of a 75% stake in Skinetiq Joint Stock Company, a Vietnam-based company that owns the digital-first skincare brand 'Candid' and holds exclusive distribution rights for the 'Murad' brand in Vietnam. The acquisition was carried out through Marico's wholly owned subsidiary, Marico South East Asia Corporation (MSEA), as previously announced on February 9, 2026. With the transaction closed on April 2, 2026, Skinetiq has become a step-down subsidiary of Marico Limited. This move strengthens Marico's presence in the Southeast Asian skincare and premium beauty market.
The acquisition expands Marico's international portfolio in the high-growth digital skincare segment and adds a Vietnam distribution foothold for the global 'Murad' brand. Shareholders may view this positively as it supports Marico's international growth strategy, though integration execution and the financial impact will be key things to watch in upcoming quarterly results.