Kolkata: FMCG major Emami is buying 73.5% stake in Axiom Ayurveda. Until now, Emami held 26.5% stake in the company. Following the acquisition, Emami would have 100% stake in the company, and Axiom would become a wholly owned subsidiary. According to stock exchange filings, Emami bought the stake at Rs 200 crore. The board of directors of Emami gave the go-ahead for this acquisition on March 31.
Axiom has a proprietary fusion of aloe vera pulp with fruit blend. It has other product portfolios in the beverage segment and personal care, which contributes 15-20% of own branded business. It had a consolidated turnover of Rs 107 crore in 2024-25.