Fast-moving consumer goods major Wipro Consumer Care and Lighting has entered the hair oil category under the Chandrika brand, to start with Kerala market. In 2004, Wipro had acquired Chandrika, an ayurvedic and herbal soap brand from a Kerala based business family.
According to industry estimates, the hair oil market size in India is pegged at around Rs 80 billion with coconut-based oils accounting for 46 per cent. Non-coconut or perfumed oil segment has a market size of Rs 42.83 billion.
With hair oil having one of the highest market penetrations at 90 per cent, most companies have been playing to their strengths in the segment. Major companies such as Hindustan Unilever, Marico, Dabur, Emami, P&G and Bajaj are competing for a bigger market share in the segment.