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Marico Kaya Enterprises Limited announced its listing on the NSE and the BSE. Marico Kaya is a holding company of Kaya Ltd, which currently owns and operates 86 Kaya Skin Clinics in 26 cities in India.
Commenting on the listing announcement, Harsh Mariwala, Chairman, Marico Kaya Enterprises, said, "We believe that Kaya has a distinct potential to create value as an emerging specialised skincare business. With a focused management and increased flexibility, Kaya is well poised to reach newer heights.''
S Subramanian, CEO, Kaya India, said, "We have a strong foundation and more than a decade long journey of innovation. We will strive to stay ahead of the curve by continuing to invest in advanced, internationally approved technologies and build the Kaya India business further.'
Marico Kaya Enterprises generated a consolidated turnover of Rs 362 crore for the financial year ended March 31, 2014, including Dial (Singapore) business, which was sold out in January 2014. Marico Kaya Enterprises' consolidated operating profit (before exceptions) was Rs 22 crores and net profit after tax and exceptions of Rs 35 crores for the financial year ending March 31, 2014.
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