| Beauty and Personal Care Retail | Make-up, skincare, body care, beauty accessories sold in physical stores and online. | Owned brand with growing retail footprint and multi-channel distribution network in India. | Primarily B2C individual consumers seeking personal care and beauty products in India. | Make-up and skincare products contribute higher margins. | 50 | 100 | Revenue from product sales through company-owned and franchise retail stores plus online platforms. | Direct sales through retail stores and e-commerce with competitive market pricing. | Retail expansion, social media marketing, influencer collaborations, and offline store growth. | 'Recode' brand |
