Dabur India Limited announced its strategic investment of 600 million rupees to acquire a minority stake in RAS Beauty Private Limited, marking the first investment from its newly launched Dabur Ventures initiative.

Investment Details

The investment represents Dabur's entry into the luxury skincare segment through its venture capital platform. Dabur Ventures was launched with a capital allocation of Rs 500 crore, specifically designed to back progressive ventures in Personal Care, Health Care, Wellness Foods, Beverages, and Ayurveda.

About RAS Beauty

RAS Beauty Private Limited is a Raipur-based digital-first luxury skincare brand founded by three women entrepreneurs - Shubhika Jain, her sister Suramya Jain, and their mother Sangeeta Jain. The company operates as a "Farm-to-Face" luxury skincare brand with a strong presence in the natural beauty segment.

The brand's product portfolio includes:

• Face elixirs infused with essential oils
• Serums with nature-derived actives
• Moisturisers with natural ingredients

Strategic Rationale

Abhinav Dhali, Executive Director – Group Head Corporate Strategy at Dabur India Ltd, emphasized the strategic fit: "We are very impressed with the passion and commitment with which Shubhika Jain and her family have built RAS Beauty always keeping the consumer at the forefront. RAS offers a distinct skincare value proposition at the confluence of nature, science and luxury."

The investment aligns with Dabur's belief that the premium beauty segment will witness strong growth in the coming decade, positioning RAS Beauty to capture emerging opportunities in this space.

Future Plans

Shubhika Jain, co-founder and CEO of RAS Beauty Private Limited, outlined the company's growth strategy: "This investment will enable us to accelerate our omnichannel presence, deepen our R&D capabilities, and invest in brand and team building, all in pursuit of our longer-term goal of making RAS a leading name in Indian luxury skincare, at home and globally."

The partnership leverages Dabur's 141-year legacy in building purpose-led, trusted consumer brands while maintaining RAS Beauty's core values of combining nature, science, and consumer trust at scale.

Dabur India Limited has secured a favorable outcome in its tax dispute as the appellate authority has set aside the entire demand of Rs 3.12 crore including interest and penalty. The company informed stock exchanges about this development through a regulatory filing under SEBI Listing Regulations.

Tax Demand Details

The original tax demand was issued by the Joint Commissioner, State Tax, Circle-C, Alwar, Rajasthan, pertaining to product classification issues across three financial years. The total demand comprised multiple components as detailed below:

The dispute covered financial years 2017-18, 2018-19, and 2019-20, with the primary issue being related to product classification under state tax regulations.

Appellate Authority Decision

The company had filed appeals before the 1st Appellate Authority State Tax, Alwar, Rajasthan for each of the mentioned financial years. The appellate authority, after due consideration of facts and submissions on record, has completely set aside the aforementioned demand including interest and penalty.

The favorable order was received by the company on February 26, 2026 at 07:13 p.m., marking the conclusion of this tax dispute in the company's favor.

Impact Assessment

According to the company's disclosure, there is no impact on operations or other activities of Dabur India Limited as a result of this development. This outcome eliminates a potential financial liability and provides clarity on the product classification matter that had been under dispute.

The company has made this information available on its website at www.dabur.com as part of its transparency and disclosure commitments to stakeholders.