Aditya Birla Fashion and Retail to buy 51% stake in House of Masaba Lifestyle

Commenting on the partnership, Ashish Dikshit, managing director, ABFRL said: “As a new generation of young and digitally native consumers explore their needs within fashion and lifestyle, they actively seek brands that are colourful, vivid and digital. Masaba is a young, effervescent brand with a refreshing and innovative take on every lifestyle category.”

He added, “This partnership is also an important step in building presence in the fast-growing beauty and personal care segment. This fits in well with our overall strategy to partner India’s top most designers to build a portfolio of distinctive and aspirational home-grown brands across fashion and lifestyle categories."

Gupta said, "As a young, homegrown brand I am delighted to partner with ABRFL to further solidify the House of Masaba into a 360-degree, global lifestyle brand of the future."

Speaking about the prospects of the partnership, Gupta added, “Inspired by the ever-evolving, India-proud Gen Z consumer, the brand will introduce multiple product extensions bringing cosmetics, personal care, athleisure and home decor to its portfolio. The House of Masaba already has established a strong foothold among the youth with a robust digital-first strategy and the tie-up with ABRFL will strengthen this position, making the brand future-ready. With this partnership, I look forward to creating immersive and collaborative experiences for our target audiences who engage highly in virtual mediums today and are driving the industry's evolution to the metaverse."

Brand Masaba will be scaled predominantly through the digital direct-to-consumer (D2C) channel, leveraging its strong connect with younger and digitally influenced consumers.

In the next five years, the brand aims to achieve annual revenues of around Rs 500 crore. The partnership will also mark ABFRL's entry into the beauty and personal care market in India. This is a rapidly growing segment owing to a rise in women shoppers, disposable incomes, and the expansion of digital influence.