HomeBusinessConsumer tech expansion: Philips...

Consumer tech expansion: Philips to widen India portfolio with global products; focus on male grooming, mother and child care

Philips India is set to broaden its footprint in the domestic market by introducing more global product lines and strengthening its offerings in male grooming and mother and child care, responding to rising consumer demand for premium personal care products.The company, which recently rolled out its rechargeable intimate skin-protect grooming product, OneBlade, aimed at Gen Z consumers, said the premium segment is seeing robust growth, highlighting a shift in Indian consumer preferences, PTI reported.“We will continue strengthening male grooming and mother and childcare with newer and newer innovations, and we continue to get our global categories, which are huge in other markets, into India,” said Smit Shukla, Head of Philips Personal Health India Subcontinent.He added that Philips has a large global portfolio in oral care, and the company is assessing strategies to drive consumer demand before introducing these products in India.According to Vidyut Kaul, Head of Personal Health, Philips Growth Region (JAPAC, ISC, META & LATAM), the non-manual grooming market in India has been expanding at a mid-to-high single-digit growth rate annually over the last five years.In the grooming segment, Philips India enjoys a 50-60 per cent market share, depending on the sales channel, Kaul said, underscoring the brand’s leadership position.He added that while Philips has long been a global innovation leader, the company had earlier avoided introducing premium innovations in India due to perceptions of it being a price-sensitive market. However, he said, “It is not price-sensitive but value-conscious, and we are seeing that premiumisation is fast catching up.”The company’s most premium shaver, launched in April this year, received a strong consumer response, with demand outpacing supply, he said. Philips has witnessed over 75 per cent growth in the premium segment, driven by this shift in consumer sentiment.The male grooming segment continues to be one of the top growth drivers for Philips in India, followed by the mother and child care segment, both of which have performed strongly over the past 2–3 years.“They continue to boost more and more growth and give access to the consumers. In addition, the personal care and personal grooming segments will further accelerate the growth journey there,” Kaul said.He also noted that Philips has enhanced localisation in its manufacturing operations under its ‘local-for-local’ strategy, which has helped shield the company from the impact of rising US tariffs.

Source link

Most Popular

More from Author

Read Now

Meghan Markle divorce to cause major financial loss for Prince Harry

Prince Harry and Meghan Markle, the Duke and Duchess of Sussex have found themselves once again at the center...

Kotak Mahindra stock split: Bank announces 1:5 share split; aims to boost liquidity- what you need to know

Kotak Mahindra Bank on Friday said its board has approved a sub-division of equity shares in a 1:5 ratio to make the stock more affordable and enhance market liquidity. The decision was taken on the lender’s 40th foundation day and is subject to statutory and...

Artificial intelligence newsletter: Bubble fears ease

President Donald Trump speaks with Elon Musk and Nvidia CEO Jensen Huang, during the Saudi Investment Forum at the Kennedy Center, Wednesday, Nov. 19, 2025, in Washington.  (AP Photo/Evan Vucci) NEWYou can now listen to Fox News articles! Welcome to Fox News’ Artificial Intelligence...

Channel Tunnel says UK investment ‘non-viable’ as it halts projects

Eurotunnel, the operator of the Channel Tunnel, has halted its UK projects, claiming "unsustainable" levels of taxation has made any future investments "non-viable".The company said it had been informed its business rates would increase by some 200% from next year.It hit out at the government, arguing...

NASA releases close-up images of interstellar comet making a rare flyby

NASA released close-up images on Wednesday of the rare interstellar comet that's making a single pass through the solar system.One of the images shows the comet, also known as 3I/ATLAS, as it moves through space about 190 million miles from Earth. It was taken...

Parasocial, how you may have felt after Taylor Swift’s engagement, is Cambridge Dictionary’s word of the year

If you felt a personal connection with a celebrity this year, you likely weren't alone. That feeling led Cambridge Dictionary to select "parasocial" as its 2025 word of the year. Parasocial is defined as "involving or relating to a connection that someone feels between...

JetBlue to add Milan, Barcelona flights in 2026

A JetBlue Airways Airbus A321 airplane departs from Los Angeles International Airport en route to New York on Oct. 17, 2025 in Los Angeles, California.Kevin Carter | Getty ImagesJetBlue Airways is pushing its fleet of single-aisle planes deeper into Europe next year with seasonal daily flights to...

This Classic Indian Chicken Dish Named Among World’s Top 20

TasteAtlas, the globally trusted food and travel guide, has unveiled its much-anticipated list of the 100 Best Chicken Dishes in the World. This curated ranking celebrates the most beloved, flavor-packed chicken recipes from across continents, highlighting dishes that embody comfort, tradition, and culinary excellence. (Image: AI-Generated)...