Beauty Garage Limited

• Funding the capital expenditure requirements of our Company towards setting up a new manufacturing facility at Vasai (West), Maharashtra (the “Vasai Manufacturing Facility”)₹912 Cr
• General corporate purposes

There are 349 pending proceedings involving the company. There are no outstanding criminal proceedings against the company. The LM Bandra Department inspected a salon of Lakme Lever Pvt. Ltd. and found that the company's product 'BG Shea Curl Shampoo/Conditioner' was not compliant with the Legal Metrology Act, 2009 and Rules. The alleged non-compliance includes missing consumer care department contact details, not mentioning the Maximum Retail Price, and missing the manufacturer's state name.

• Our business is dependent on certain key customers, with Top 5 customers accounting for 59.33% of total revenue from operations in Financial Year 2026 and Top 10 customers accounting for 78.27%.(Customer Concentration)

• Our dependence on third-party suppliers for raw materials, packaging materials, and semi-finished bulk products subjects us to risks including supply chain disruption, reliance on international suppliers in South American and Asian countries, and potential liability for incidents at manufacturing sites we do not control.(Supply Chain)

• Our contract suppliers are not restricted from manufacturing identical or substantially similar products using our confidential formulations and selling them to any other party located outside India, including competitors, which could erode the confidentiality and competitive value of our formulations.(Intellectual Property)

• Our suppliers provide materials in accordance to purchase orders, and any disruptions, delays or inefficiencies by our suppliers could adversely affect our operations and lead to disruption of supply chain, loss of cash and goods.(Supply Chain)

• Our operations rely on securing timely supplies of raw materials, semi-finished bulk products and packaging materials from third-party suppliers, and we may be unable to replace existing contract suppliers at short notice.(Supply Chain)

• Our business is subject to risks related to significant import of raw materials, including exchange rate fluctuations which may adversely affect our operating margins, business prospects and market position.(Foreign Exchange)

• Our suppliers are subject to customary operational risks, such as breakdown or failure of equipment, power supply or processes, performance below expected levels of output or efficiency, unavailability of consumables and spare parts, labour disputes, natural or man-made disasters, accidents, and planned or unplanned shutdowns.(Operational)

• We have in the past received a notice prohibiting production of certain products which consist of a prohibited ingredient, and we are unable to ensure that such an event will not occur in the future.(Regulatory)

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.