Akshata Sharma
Share
Unicharm's Indian unit saw a remarkable 30% increase in revenue, reaching Rs 1,392 crore.
This is a significant improvement from the previous year's Rs 1,070 crore.
The company also logged a net profit of Rs 22 lakh, a sharp turnaround from the Rs 84 crore net loss a year earlier.
Market Leadership
The Japanese company, known for its Mamy Poko diapers, has been doubling its sales every two years.
It now leads in modern trade stores, holding more than half the market share. Despite this, Mamy Poko still trails behind P&G's Pampers, which holds about 50% of the national market share.
Expansion and Market Share Unicharm expanded its sales into southern India, increasing its market share to 34% in 2016.
The company is steadily closing the gap with P&G and expects its India business to positively contribute to consolidated annual profits from fiscal 2017.
Innovative Products
Unicharm was the first to introduce pant-style diapers in India in 2009. This innovation has shifted the market, with pant-style diapers now making up about 80% of the segment.
Future Potential
With India's vast population, the company sees immense potential for growth. Despite low disposable diaper penetration (less than 2%), Unicharm believes India could become a larger market than China in the future.
FY23 Performance
In FY23, Unicharm's Indian unit's revenue soared to Rs 3,612 crore, with the diaper segment contributing Rs 3,022 crore. This surpasses P&G's diaper business, which reported Rs 2,422 crore.
--Advertisement--
