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Kolkata, Apr 8: Delhi-based Ozone Ayurvedic is eyeing a turnover of Rs 200 crore this fiscal. The company will invest Rs 50 crore in research and product development.
"We are hopeful of almost doubling our turnover to Rs 200 crore this fiscal," said SC Sehgal, chairman of the company.
Ozone, maker of No Marks, an anti-marks cream, on Tuesday launched Zap n Clear, a pimple and mark removal product. With this launch, the company enters into the anti-acne skincare segment.
"We are expecting a turnover of Rs 40 crore from Zap n Clear," Sehgal said. The anti-acne skincare market in India is of around Rs 60-65 crore, almost the size of anti-marks market.
The company has six plants--three each in Himachal Pradesh and Assam. It has an organic farming facility in Haryana as well. "We have recently acquired 65 acres in Assam for organic cultivation," said Sehgal.
Neeta Aggarwal, chief executive officer of the company, said: "Ozone is putting in a concerted effort at expanding the skincare category by introducing new and innovative products for various skin related problems."
The company, with over a decade's presence in research and development of herbal and ayurvedic products, is planning to launch oil-free sunscreen lotion, No Marks anti-acne face cream, anti-acne face pack and anti-acne scrub in the therapeutic segment.
It also has plans to launch No Pimple No Mark face washes and soaps in the preventive segment.
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