Forest Essentials
Consumer Brands, Apparel & RetailGurugram / Delhi-NCR
Business focus
Consumer Brands, Apparel & Retail
Description
Forest Essentials is a luxury Ayurvedic beauty brand founded by Mira Kulkarni in 2000, starting as a small handmade soap and candle operation. Estée Lauder bought a 20% stake in 2008, raised it to 49% by 2020, and in 2026 agreed to acquire full ownership pending regulatory approval. Revenue for the fiscal year ended March 2025 was about INR 585 crore, up 18% year-on-year, with roughly 22% profit margin.