About Just Herbs
Just Herbs is a publicly listed company based in Sahibzada Ajit Singh Nagar (India) founded in 2002 by Megha Sabhlok and Neena Chopra, and was acquired by Marico in July 2021. Ayurvedic skin care products are manufactured and marketed. It operates in the Consumer and Healthcare sectors. Just Herbs has raised $1.57 million across 1 funding round from investors including Marico, Roots Ventures and Sachit Passi. The company has 131 employees. Just Herbs was last valued at $4.68 million in April 2019. Its website justherbs.in draws about 863 thousand monthly visits. Its Indian entity Apcos Naturals Private Limited reported revenue of ₹98.93 Cr. Its focus areas include Retail, Beauty Tech, Ecommerce and Multi Category. Its competitors include The Ayurveda, Vedix and Asta Berry Biosciences; 2 of its 3 listed competitors have raised funding.
Company details
Just Herbs was founded in 2002 and is based in Sahibzada Ajit Singh Nagar, India. Operations focus on the production and distribution of ayurvedic skin care items, covering categories such as cleansers, toners, exfoliants, anti-aging formulations, mud masks, sun protection, night creams, and moisturizers. Additional lines include lip care, hair and scalp treatments, body washes, and lotions, all aligned with traditional ayurvedic practices.
- Headquarters Sahibzada Ajit Singh Nagar, India
- Employees 131
- Founders Megha Sabhlok, Neena Chopra
- Stage Acquired
- SectorsConsumerHealthcare
- Website category Lifestyle · Beauty and Cosmetics
- Email••••••••
- Phone•••• ••••
- Website justherbs.in
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Marico (Jul 2021)
- Legal Name Apcos Naturals Private Limited
- Date of Incorporation 19 Nov, 2018
- Jurisdiction Mohali, Punjab, India
- Market Cap₹1,17,278 Cr
MARICO · NSE
- Share Price₹902.00
+0.98% today
- Revenue₹15,622 Cr
FY 2025-26 · +24.5% YoY
- EBITDA₹2,328 Cr
Margin 14.9%
- Net Profit₹1,752 Cr
FY 2025-26 · +9.2% YoY
- P/E (TTM)57.8x
P/B 24.7x
- ROE44.3%
ROCE 40.5%
- Debt / Equity0.14
Interest cover 2.5x
- Total Equity Funding$1.57M (USD)
in 1 rounds
- Latest Funding Round$1.57M (USD), Seed
Apr 2019
- InvestorsMarico
& 15 more
- Employee Count131
- Acquired byMarico
(Jul 2021)
Associated legal entities of Just Herbs
Just Herbs is associated with 2 registered companies on The Company Check; the primary company is Apcos Naturals Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Apcos Naturals Private Limited CIN U74999PB2018PTC048652 | Under Liquidation | 19 Nov 2018 | Mohali, Punjab | ₹98.9 Cr | 131 | 6 | View details |
| Marico Limited Listed CIN L15140MH1988PLC049208 | Active | 13 Oct 1988 | Mumbai, Maharashtra | ₹15,826 Cr | 1,832 | 14 | View details |
Apps and channels of Just Herbs
its YouTube channel Just Herbs has 9.61K subscribers and 30 videos.
Videos from Just Herbs
The most watched videos on Just Herbs's YouTube channel, Just Herbs (9.61K subscribers). Click a video to play it here.
More on Just Herbs.
Funding Insights of Just Herbs
Just Herbs has successfully raised a total of $1.57M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.57 million completed in April 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.57M
- Total Rounds 1
- Last Round Seed — $1.57M
- First Round $1.57M
(Apr 2019)
- Investors Count 15
All 1 funding rounds of Just Herbs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2019 | $1.57M | Seed | $4.68M | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2019 | $4.68M | •••••••• |
Last known valuation $4.68M (Apr 2019). 16 investors in total: 4 institutional and 12 angel.
Investors in Just Herbs
Just Herbs has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Marico, Roots Ventures and Sachit Passi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments conducted in a sector-agnostic manner. | 2018 | roots-ventures.com | Gurugram, India | |
Private equity firm focused on multiple sectors | Kanpur, India | |||
Health, beauty, and wellness consumer brands are manufactured. | 1990 | marico.com | Mumbai, India | |
SP Sachit Passi | unknown_5f5eb13aac2a4dedb | |||
HK Himanshu Kohil | unknown_2e68f4720edf448f9 | |||
RN Rahul Nair | Angel investor and entrepreneur, focused on tech startups in India. | unknown_9a4f30d2e17047cea | ||
MD Mohit Dhingra | Angel investor and entrepreneur, focused on tech startups in India. | unknown_5b63916380364dfba | ||
AK Ankit Kapoor | unknown_54171af9d4a44fc0a | |||
NC Nikhil Chandra Gupta | Angel investor and entrepreneur, focused on tech startups in India. | unknown_8f4ad6f0fb844996b |
Investor details for Just Herbs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Apcos Naturals Private Limited (Just Herbs)
Apcos Naturals Private Limited is the primary company behind Just Herbs. The boards of the 2 registered companies of Just Herbs currently have 18 directors; the longest-serving is Harsh Charandas Mariwala, appointed in 1988. 31 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harsh Charandas Mariwala DIN 00210342 | Director | 13 Oct 1988 | 38 yrs | Marico Limited |
| Nikhil Khattau Nirvan DIN 00017880 | Director | 18 Jul 2002 | 24 yrs 3 mo | Marico Limited |
| Rajendra Kishore Mariwala DIN 00007246 | Director | 26 Jul 2005 | 21 yrs 3 mo | Marico Limited |
| Saugata Gupta DIN 05251806 | Managing Director | 01 Apr 2014 | 12 yrs 7 mo | Marico Limited |
| Rishabh Harsh Mariwala DIN 03072284 | Director | 02 May 2017 | 9 yrs 6 mo | Marico Limited |
| Ananth Sankaranarayanan DIN 07527676 | Director | 26 Jun 2017 | 9 yrs 4 mo | Marico Limited |
| Rajeev Vasudeva DIN 02066480 | Director | 01 Nov 2021 | 5 yrs | Marico Limited |
| Apurva Purohit DIN 00190097 | Director | 07 Apr 2022 | 4 yrs 7 mo | Marico Limited |
| Nayantara Bali DIN 03570657 | Director | 07 Apr 2022 | 4 yrs 7 mo | Marico Limited |
| Rajan Bharti Mittal DIN 00028016 | Director | 01 Jul 2023 | 3 yrs 4 mo | Marico Limited |
| Koteshwar Narasimha Lankadasu DIN 10390490 | Director | 21 Dec 2023 | 2 yrs 10 mo | Apcos Naturals Private Limited |
| Amit Bhasin DIN 05124789 | Director | 21 Jan 2024 | 2 yrs 9 mo | Apcos Naturals Private Limited |
| Anuj Kumar Khaitan DIN 10687732 | Director | 20 Jul 2024 | 2 yrs 3 mo | Apcos Naturals Private Limited |
| Garima Dikshit DIN 10823185 | Whole-time director | 11 Nov 2024 | 1 yr 11 mo | Apcos Naturals Private Limited |
| Anirban Roy DIN 11050575 | Whole-time director | 15 Apr 2025 | 1 yr 6 mo | Apcos Naturals Private Limited |
| Akash Banerji DIN 11050576 | Director | 15 Apr 2025 | 1 yr 6 mo | Apcos Naturals Private Limited |
| Bhaskar Bhat DIN 00148778 | Director | 01 Oct 2025 | 1 yr 1 mo | Marico Limited |
| Girish Srikrishna Paranjpe DIN 02172725 | Director | 01 Jun 2026 | 5 mo | Marico Limited |
People of Just Herbs
13 people are tracked at Just Herbs (3 in leadership, 10 in team); the tracked headcount is 131.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
Neena Chopra | Co-Founder | Leadership |
Ashwani Gill | Head Of Graphics | Leadership |
Meenakshi Madan | Marketing Manager | Team |
Udit Pahwa | Digital Marketing Intern | Team |
Eti Agrawal | Customer Delight Manager | Team |
Vijay Yadav | Sr. Manager Ecommerce | Team |
Sandarbh Agarwal | Manager-key Accounts & Hotels | Team |
Rajesh Kumar | Regional Business Manager | Team |
Ritika Ohri | Brand Manager - Marketing, Talent & Innovation | Team |
Yaqoob Ali Khan | Manager- Operations & Admin | Team |
Jatin Rana | Video Editor, Graphic Motion Designer & Asst. Graphic Designer | Team |
Alisha Kathuria | Finance Executive | Team |
Complete people profiles for Just Herbs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Just Herbs
Just Herbs is a publicly listed company on the NSE with ticker symbol MARICO in India, operating in the FMCG sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- Listed onNSE: MARICO
- Listed entityMarico Limited
- Exchange sectorFMCG
Financials of Just Herbs
Exchange-reported figures of Marico Limited, the listed company behind Just Herbs (NSE: MARICO).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 15,622 | 12,545 | 11,175 | 11,024 | 10,549 | 8,849 | 8,057 |
| Revenue growth | +24.5% | +12.3% | +1.4% | +4.5% | +19.2% | +9.8% | - |
| EBITDA | 2,328 | 2,139 | 2,026 | 1,810 | 1,681 | 1,589 | 1,440 |
| EBITDA margin | +14.9% | +17.1% | +18.1% | +16.4% | +15.9% | +18.0% | +17.9% |
| Profit before tax | 2,277 | 2,116 | 1,937 | 1,743 | 1,601 | 1,523 | 1,374 |
| Net profit | 1,752 | 1,604 | 1,469 | 1,281 | 1,225 | 1,162 | 1,043 |
| Net profit margin | +11.2% | +12.8% | +13.2% | +11.6% | +11.6% | +13.1% | +12.9% |
| EPS (₹) | 13.55 | 12.63 | 11.48 | 10.09 | 9.50 | 9.09 | 7.91 |
| Balance sheet | |||||||
| Total assets | 6,030 | 6,059 | 5,122 | 4,854 | 3,912 | 3,794 | 3,539 |
| Net worth | 4,210 | 3,975 | 3,832 | 3,799 | 3,348 | 3,240 | 3,023 |
| Total debt | 557 | 554 | 528 | 608 | 479 | 511 | 338 |
| Cash & bank | 493 | 777 | 943 | 756 | 579 | 944 | 279 |
| Net working capital | 241 | 1,677 | 1,724 | 1,328 | 1,099 | 1,076 | 1,096 |
| Cash flow | |||||||
| Cash from operations | 2,084 | 1,363 | 1,387 | 1,419 | 1,016 | 2,007 | 1,214 |
| Cash from investing | (722) | (621) | 176 | (928) | 441 | (933) | (22.00) |
| Cash from financing | (1,279) | (649) | (1,542) | (560) | (1,290) | (1,058) | (1,147) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,897 | 3,957 | 3,301 | 3,537 | 3,450 | 3,221 | 2,730 | 2,794 |
| Revenue growth (YoY) | +13.0% | +22.9% | +20.9% | +26.6% | +29.5% | +21.9% | - | - |
| Other income | 53.00 | 48.00 | 60.00 | 39.00 | 49.00 | 56.00 | 47.00 | 42.00 |
| EBITDA | 709 | 819 | 521 | 592 | 560 | 655 | 458 | 533 |
| EBITDA margin | +18.2% | +20.7% | +15.8% | +16.7% | +16.2% | +20.3% | +16.8% | +19.1% |
| Depreciation | 64.00 | 56.00 | 60.00 | 50.00 | 47.00 | 45.00 | 52.00 | 44.00 |
| Interest | 24.00 | 21.00 | 17.00 | 14.00 | 12.00 | 10.00 | 12.00 | 13.00 |
| Profit before tax | 674 | 790 | 504 | 567 | 550 | 656 | 441 | 518 |
| Tax | 116 | 138 | 96.00 | 107 | 118 | 143 | 96.00 | 112 |
| Net profit | 558 | 652 | 408 | 460 | 432 | 513 | 345 | 406 |
| EPS (₹) | 4.24 | 4.85 | 3.03 | 3.44 | 3.24 | 3.89 | 2.65 | 3.07 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 9,402 | 7,680 | 8,272 | 8,467 | 8,305 | 6,337 | 5,853 |
| Revenue growth | +22.4% | -7.2% | -2.3% | +2.0% | +31.1% | +8.3% | - |
| EBITDA | 1,441 | 1,425 | 1,406 | 1,309 | 1,183 | 1,094 | 1,101 |
| EBITDA margin | +15.3% | +18.6% | +17.0% | +15.5% | +14.2% | +17.3% | +18.8% |
| Profit before tax | 2,259 | 1,865 | 1,402 | 1,492 | 1,413 | 1,311 | 1,261 |
| Net profit | 1,939 | 1,495 | 1,066 | 1,179 | 1,163 | 1,155 | 1,022 |
| Net profit margin | +20.6% | +19.5% | +12.9% | +13.9% | +14.0% | +18.2% | +17.5% |
| EPS (₹) | 14.93 | 11.78 | 8.36 | 9.14 | 9.02 | 8.57 | 7.81 |
| Balance sheet | |||||||
| Total assets | 6,007 | 4,968 | 3,838 | 3,856 | 3,262 | 3,318 | 3,115 |
| Net worth | 5,808 | 4,676 | 3,597 | 3,677 | 3,049 | 3,035 | 2,888 |
| Total debt | 180 | 275 | 230 | 166 | 199 | 269 | 110 |
| Cash & bank | 113 | 128 | 36.00 | 149 | 295 | 711 | 80.00 |
| Net working capital | 892 | 1,272 | 1,204 | 1,066 | 929 | 1,017 | 999 |
| Cash flow | |||||||
| Cash from operations | 1,609 | 1,103 | 1,044 | 1,002 | 656 | 1,564 | 970 |
| Cash from investing | (534) | (631) | 167 | (346) | 626 | (583) | 128 |
| Cash from financing | (1,004) | (460) | (1,194) | (676) | (1,267) | (992) | (1,081) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,722 | 2,794 | 2,272 | 2,461 | 2,439 | 2,349 | 1,870 | 1,988 |
| Revenue growth (YoY) | +11.6% | +18.9% | +21.5% | +23.8% | +31.1% | +24.6% | - | - |
| Other income | 330 | 53.00 | 166 | 177 | 171 | 473 | 149 | 122 |
| Total expenses | 2,232 | 2,251 | 1,978 | 2,089 | 2,092 | 1,902 | 1,558 | 1,630 |
| EBITDA | 490 | 543 | 294 | 372 | 347 | 447 | 312 | 358 |
| EBITDA margin | +18.0% | +19.4% | +12.9% | +15.1% | +14.2% | +19.0% | +16.7% | +18.0% |
| Depreciation | 45.00 | 37.00 | 45.00 | 34.00 | 33.00 | 31.00 | 38.00 | 30.00 |
| Interest | 13.00 | 10.00 | 8.00 | 7.00 | 7.00 | 6.00 | 5.00 | 6.00 |
| Profit before tax | 762 | 549 | 407 | 508 | 478 | 883 | 418 | 444 |
| Tax | 79.00 | 89.00 | 63.00 | 67.00 | 83.00 | 110 | 93.00 | 75.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,897 | 3,957 | 3,301 | 3,537 | 3,450 | 3,221 | 2,730 | 2,794 |
| Revenue growth (YoY) | +13.0% | +22.9% | +20.9% | +26.6% | +29.5% | +21.9% | - | - |
| Other income | 53.00 | 48.00 | 60.00 | 39.00 | 49.00 | 56.00 | 47.00 | 42.00 |
| EBITDA | 709 | 819 | 521 | 592 | 560 | 655 | 458 | 533 |
| EBITDA margin | +18.2% | +20.7% | +15.8% | +16.7% | +16.2% | +20.3% | +16.8% | +19.1% |
| Depreciation | 64.00 | 56.00 | 60.00 | 50.00 | 47.00 | 45.00 | 52.00 | 44.00 |
| Interest | 24.00 | 21.00 | 17.00 | 14.00 | 12.00 | 10.00 | 12.00 | 13.00 |
| Profit before tax | 674 | 790 | 504 | 567 | 550 | 656 | 441 | 518 |
| Tax | 116 | 138 | 96.00 | 107 | 118 | 143 | 96.00 | 112 |
| Net profit | 558 | 652 | 408 | 460 | 432 | 513 | 345 | 406 |
| EPS (₹) | 4.24 | 4.85 | 3.03 | 3.44 | 3.24 | 3.89 | 2.65 | 3.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 15,622 | 12,545 | 11,175 | 11,024 | 10,549 | 8,849 | 8,057 |
| Revenue growth | +24.5% | +12.3% | +1.4% | +4.5% | +19.2% | +9.8% | - |
| Other income | 204 | 208 | 142 | 144 | 98.00 | 107 | 124 |
| Total expenses | 13,294 | 10,406 | 9,149 | 9,214 | 8,868 | 7,260 | 6,617 |
| Employee cost | 916 | 831 | 743 | 653 | 586 | 570 | 478 |
| EBITDA | 2,328 | 2,139 | 2,026 | 1,810 | 1,681 | 1,589 | 1,440 |
| EBITDA margin | +14.9% | +17.1% | +18.1% | +16.4% | +15.9% | +18.0% | +17.9% |
| Depreciation | 202 | 178 | 158 | 155 | 139 | 139 | 140 |
| Interest | 53.00 | 53.00 | 73.00 | 56.00 | 39.00 | 34.00 | 50.00 |
| Profit before tax | 2,277 | 2,116 | 1,937 | 1,743 | 1,601 | 1,523 | 1,374 |
| Tax | 464 | 458 | 435 | 421 | 346 | 324 | 331 |
| Net profit | 1,752 | 1,604 | 1,469 | 1,281 | 1,225 | 1,162 | 1,043 |
| Net profit margin | +11.2% | +12.8% | +13.2% | +11.6% | +11.6% | +13.1% | +12.9% |
| EPS (₹) | 13.55 | 12.63 | 11.48 | 10.09 | 9.50 | 9.09 | 7.91 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 130 | 129 | 129 | 129 | 129 | 129 | 129 |
| Reserves & surplus | 4,080 | 3,845 | 3,703 | 3,670 | 3,219 | 3,151 | 2,921 |
| Shareholders' funds (net worth) | 4,210 | 3,975 | 3,832 | 3,799 | 3,348 | 3,240 | 3,023 |
| Minority interest | 284 | 291 | 337 | 157 | 57.00 | 18.00 | 13.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 557 | 554 | 528 | 608 | 479 | 511 | 338 |
| Total debt | 557 | 554 | 528 | 608 | 479 | 511 | 338 |
| Total liabilities | 6,030 | 6,059 | 5,122 | 4,854 | 3,912 | 3,794 | 3,539 |
| Assets | |||||||
| Gross block | 4,560 | 3,536 | 3,584 | 3,015 | 2,523 | 2,204 | 1,940 |
| Net block | 3,633 | 2,758 | 2,724 | 2,246 | 1,760 | 1,612 | 1,396 |
| Capital work in progress | 85.00 | 40.00 | 44.00 | 67.00 | 39.00 | 24.00 | 58.00 |
| Investments | 2,083 | 1,590 | 602 | 1,096 | 828 | 854 | 733 |
| Inventories | 1,611 | 1,235 | 1,336 | 1,225 | 1,412 | 1,126 | 1,380 |
| Sundry debtors | 1,304 | 1,271 | 1,069 | 1,015 | 652 | 388 | 539 |
| Cash & bank balances | 493 | 777 | 943 | 756 | 579 | 944 | 279 |
| Loans & advances | 504 | 419 | 396 | 246 | 221 | 250 | 323 |
| Total current assets | 3,912 | 3,702 | 3,744 | 3,242 | 2,864 | 2,708 | 2,521 |
| Total current liabilities | 3,671 | 2,025 | 2,020 | 1,914 | 1,765 | 1,632 | 1,425 |
| Net working capital | 241 | 1,677 | 1,724 | 1,328 | 1,099 | 1,076 | 1,096 |
| Total assets | 6,030 | 6,059 | 5,122 | 4,854 | 3,912 | 3,794 | 3,539 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 321 | 228 | 207 | 276 | 109 | 93.00 | 48.00 |
| Net cash from operating activities | 2,084 | 1,363 | 1,387 | 1,419 | 1,016 | 2,007 | 1,214 |
| Net cash from investing activities | (722) | (621) | 176 | (928) | 441 | (933) | (22.00) |
| Net cash from financing activities | (1,279) | (649) | (1,542) | (560) | (1,290) | (1,058) | (1,147) |
| Net change in cash | 83.00 | 93.00 | 21.00 | (69.00) | 167 | 16.00 | 45.00 |
| Closing cash | 493 | 777 | 943 | 756 | 579 | 944 | 279 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +24.5% | +12.3% | +1.4% | +4.5% | +19.2% | +9.8% | - |
| EBITDA growth | +8.8% | +5.6% | +11.9% | +7.7% | +5.8% | +10.4% | - |
| PBT growth | +7.6% | +9.2% | +11.1% | +8.9% | +5.1% | +10.8% | +9.3% |
| Net income growth | +9.2% | +9.2% | +14.7% | +4.6% | +5.4% | +11.4% | - |
| Revenue CAGR (3Y) | +12.3% | +6.0% | +8.1% | +11.0% | +9.9% | +8.9% | +10.8% |
| EBITDA CAGR (3Y) | +8.8% | +8.4% | +8.4% | +7.9% | +8.3% | +11.8% | +7.5% |
| Profitability & leverage | |||||||
| Net income margin | +11.6% | +13.2% | +13.4% | +12.0% | +11.9% | +13.6% | +13.0% |
| Return on capital employed | +40.5% | +41.1% | +42.4% | +42.1% | +43.0% | +42.7% | +40.6% |
| Return on net worth | +44.3% | +42.5% | +39.4% | +37.0% | +38.1% | +38.3% | +34.8% |
| Debt / equity | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.14 | 0.12 |
| Long-term debt / equity | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.00 |
| Interest cover | 2.49 | 2.70 | 3.91 | 3.38 | 2.53 | 2.34 | 3.85 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.86 | 3.52 | 3.39 | 3.98 | 4.46 | 4.27 | 4.39 |
| Inventory turnover | 10.98 | 9.76 | 8.73 | 8.36 | 8.31 | 7.06 | 5.77 |
| Debtors turnover | 12.13 | 10.72 | 10.72 | 13.23 | 20.29 | 19.09 | 15.26 |
| EPS (₹) | 13.55 | 12.63 | 11.48 | 10.09 | 9.50 | 9.09 | 7.91 |
| Dividend per share (₹) | 4.00 | 10.50 | 9.50 | 4.50 | 9.25 | 7.50 | 6.75 |
| Book value per share (₹) | 32.38 | 30.81 | 29.71 | 29.45 | 25.95 | 25.43 | 23.64 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,722 | 2,794 | 2,272 | 2,461 | 2,439 | 2,349 | 1,870 | 1,988 |
| Revenue growth (YoY) | +11.6% | +18.9% | +21.5% | +23.8% | +31.1% | +24.6% | - | - |
| Other income | 330 | 53.00 | 166 | 177 | 171 | 473 | 149 | 122 |
| Total expenses | 2,232 | 2,251 | 1,978 | 2,089 | 2,092 | 1,902 | 1,558 | 1,630 |
| EBITDA | 490 | 543 | 294 | 372 | 347 | 447 | 312 | 358 |
| EBITDA margin | +18.0% | +19.4% | +12.9% | +15.1% | +14.2% | +19.0% | +16.7% | +18.0% |
| Depreciation | 45.00 | 37.00 | 45.00 | 34.00 | 33.00 | 31.00 | 38.00 | 30.00 |
| Interest | 13.00 | 10.00 | 8.00 | 7.00 | 7.00 | 6.00 | 5.00 | 6.00 |
| Profit before tax | 762 | 549 | 407 | 508 | 478 | 883 | 418 | 444 |
| Tax | 79.00 | 89.00 | 63.00 | 67.00 | 83.00 | 110 | 93.00 | 75.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 9,402 | 7,680 | 8,272 | 8,467 | 8,305 | 6,337 | 5,853 |
| Revenue growth | +22.4% | -7.2% | -2.3% | +2.0% | +31.1% | +8.3% | - |
| Other income | 987 | 589 | 135 | 328 | 357 | 346 | 306 |
| Total expenses | 7,961 | 6,255 | 6,866 | 7,158 | 7,122 | 5,243 | 4,752 |
| Employee cost | 579 | 517 | 463 | 409 | 372 | 374 | 308 |
| EBITDA | 1,441 | 1,425 | 1,406 | 1,309 | 1,183 | 1,094 | 1,101 |
| EBITDA margin | +15.3% | +18.6% | +17.0% | +15.5% | +14.2% | +17.3% | +18.8% |
| Depreciation | 142 | 125 | 107 | 109 | 97.00 | 107 | 113 |
| Interest | 27.00 | 24.00 | 32.00 | 36.00 | 30.00 | 22.00 | 33.00 |
| Profit before tax | 2,259 | 1,865 | 1,402 | 1,492 | 1,413 | 1,311 | 1,261 |
| Tax | 318 | 346 | 324 | 313 | 250 | 205 | 254 |
| Net profit | 1,939 | 1,495 | 1,066 | 1,179 | 1,163 | 1,155 | 1,022 |
| Net profit margin | +20.6% | +19.5% | +12.9% | +13.9% | +14.0% | +18.2% | +17.5% |
| EPS (₹) | 14.93 | 11.78 | 8.36 | 9.14 | 9.02 | 8.57 | 7.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 130 | 129 | 129 | 129 | 129 | 129 | 129 |
| Reserves & surplus | 5,678 | 4,547 | 3,468 | 3,548 | 2,920 | 2,946 | 2,786 |
| Shareholders' funds (net worth) | 5,808 | 4,676 | 3,597 | 3,677 | 3,049 | 3,035 | 2,888 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 180 | 275 | 230 | 166 | 199 | 269 | 110 |
| Total debt | 180 | 275 | 230 | 166 | 199 | 269 | 110 |
| Total liabilities | 6,007 | 4,968 | 3,838 | 3,856 | 3,262 | 3,318 | 3,115 |
| Assets | |||||||
| Gross block | 1,583 | 1,414 | 1,353 | 1,261 | 1,239 | 1,109 | 1,118 |
| Net block | 946 | 868 | 736 | 704 | 667 | 669 | 701 |
| Capital work in progress | 78.00 | 33.00 | 38.00 | 32.00 | 27.00 | 14.00 | 55.00 |
| Investments | 3,716 | 2,543 | 1,617 | 1,825 | 1,372 | 1,343 | 1,093 |
| Inventories | 1,037 | 818 | 936 | 895 | 1,093 | 873 | 1,165 |
| Sundry debtors | 790 | 962 | 870 | 838 | 555 | 310 | 465 |
| Cash & bank balances | 113 | 128 | 36.00 | 149 | 295 | 711 | 80.00 |
| Loans & advances | 564 | 356 | 489 | 417 | 220 | 287 | 310 |
| Total current assets | 2,504 | 2,264 | 2,331 | 2,299 | 2,163 | 2,181 | 2,020 |
| Total current liabilities | 1,612 | 992 | 1,127 | 1,233 | 1,234 | 1,164 | 1,021 |
| Net working capital | 892 | 1,272 | 1,204 | 1,066 | 929 | 1,017 | 999 |
| Total assets | 6,007 | 4,968 | 3,838 | 3,856 | 3,262 | 3,318 | 3,115 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 41.00 | 29.00 | 11.00 | 31.00 | 16.00 | 27.00 | 10.00 |
| Net cash from operating activities | 1,609 | 1,103 | 1,044 | 1,002 | 656 | 1,564 | 970 |
| Net cash from investing activities | (534) | (631) | 167 | (346) | 626 | (583) | 128 |
| Net cash from financing activities | (1,004) | (460) | (1,194) | (676) | (1,267) | (992) | (1,081) |
| Net change in cash | 71.00 | 12.00 | 17.00 | (20.00) | 15.00 | (11.00) | 17.00 |
| Closing cash | 113 | 128 | 36.00 | 149 | 295 | 711 | 80.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +22.4% | -7.2% | -2.3% | +2.0% | +31.1% | +8.3% | - |
| EBITDA growth | +1.1% | +1.4% | +7.4% | +10.7% | +8.1% | -0.6% | - |
| PBT growth | +21.1% | +33.0% | -6.0% | +5.6% | +7.8% | +4.0% | +6.6% |
| Net income growth | +29.7% | +40.2% | -9.5% | +1.4% | +0.7% | +13.0% | - |
| Revenue CAGR (3Y) | +3.6% | -2.6% | +9.3% | +13.1% | +11.6% | +7.0% | +6.5% |
| EBITDA CAGR (3Y) | +3.3% | +6.4% | +8.7% | +5.9% | +5.4% | +10.5% | +4.8% |
| Profitability & leverage | |||||||
| Net income margin | +20.6% | +19.8% | +13.0% | +13.9% | +14.0% | +17.5% | +17.2% |
| Return on capital employed | +41.7% | +42.9% | +37.3% | +42.9% | +43.9% | +41.4% | +37.8% |
| Return on net worth | +37.0% | +36.7% | +29.6% | +35.1% | +38.2% | +37.4% | +31.6% |
| Debt / equity | 0.04 | 0.06 | 0.05 | 0.05 | 0.08 | 0.06 | 0.04 |
| Long-term debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.00 |
| Interest cover | 2.08 | 1.85 | 2.46 | 3.00 | 2.76 | 2.23 | 3.34 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.27 | 5.55 | 6.33 | 6.77 | 7.07 | 5.69 | 5.61 |
| Inventory turnover | 10.14 | 8.76 | 9.04 | 8.52 | 8.45 | 6.22 | 4.88 |
| Debtors turnover | 10.73 | 8.38 | 9.69 | 12.16 | 19.20 | 16.35 | 13.08 |
| EPS (₹) | 14.93 | 11.78 | 8.36 | 9.14 | 9.02 | 8.57 | 7.81 |
| Dividend per share (₹) | 4.00 | 10.50 | 9.50 | 4.50 | 9.25 | 7.50 | 6.75 |
| Book value per share (₹) | 44.68 | 36.25 | 27.88 | 28.50 | 23.64 | 23.84 | 22.60 |
Timeline of Just Herbs
4 dated milestones of Just Herbs across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Just Herbs is founded.
- Funding First funding round of $1.6M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Marico.
Competitors of Just Herbs
Just Herbs has 3 listed competitors in our database, 2 of them funded. They include The Ayurveda, Vedix and Asta Berry Biosciences.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| theayurvedaco.com | 2021 | Gurugram, India | $15.91M | 77 | Multi-category ayurvedic beauty and wellness products are offered online. | |
| vedix.com | 2017 | Hyderabad, India | 107 | Personalized ayurvedic haircare and skincare regimens are provided online. | ||
| astaberry.com | 1950 | Delhi, India | $50,125 | 212 | Ayurvedic skincare and cosmetics are manufactured and distributed globally. |
Detailed competitors of Just Herbs
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- Full competitor set
- Operating metrics
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Web traffic of Just Herbs
The website of Just Herbs (justherbs.in) receives about 862.6K visits a month and ranks #54,596 among all websites worldwide, #2,684 in Beauty and Cosmetics.
- Monthly visits862.6K
▼ 1.3% vs previous month
- Unique visitors491.1K
per month
- Global rank#54,596
among all websites
- Category rank#2,684
Lifestyle · Beauty and Cosmetics
- Bounce rate43%
- Pages per visit3.7
- Average visit2 min 51 sec
- DevicesDesktop 5% · Mobile 95%
Websites whose visitors overlap most with Just Herbs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| forestessentialsindia.com | 100% | 486.6K | #93,338 | View details | |
| nykaa.com | 79% | 21.1M | #2,062 | View details | |
| soultree.in | 78% | 49.1K | #681,472 | View details | |
| vilvahstore.com | 64% | 820.9K | #67,132 | View details | |
| plumgoodness.com | 64% | 1.4M | #22,284 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Just Herbs
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Beauty & Personal Care Products
3 companies that operate in the same segment as Just Herbs (Beauty & Personal Care Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering a wide range of baby, kids, and maternity products | 2010 | Pune, Maharashtra, India | USD 513.39 M | USD 911.07 M | 3,752 | |
Online brand offering mens grooming products | 2015 | Gurugram, Haryana, India | USD 52.66 M | |||
Retailer of perfumes, cosmetics, skincare, and related gift set items | 2012 | Gurugram, Haryana, India | USD 60.63 M |
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Related news about Just Herbs
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Frequently Asked Questions about Just Herbs
Just Herbs was founded in 2002 and raised its 1st funding round 17 years after it was founded.
Just Herbs is headquartered in Sahibzada Ajit Singh Nagar, India. It is registered at Sahibzada Ajit Singh Nagar, Punjab, India.
Just Herbs is a funded company, having raised a total of $1.57M across 1 funding round to date. The company's 1st funding round was a Seed of $1.57M, raised on Apr 2019.
Just Herbs has 131 employees.
The primary company behind Just Herbs, Apcos Naturals Private Limited, reported revenue of ₹98.93 Cr for FY 2025, up 3% year on year.
Just Herbs was founded in 2002 and is based in Sahibzada Ajit Singh Nagar, India. Operations focus on the production and distribution of ayurvedic skin care items, covering categories such as cleansers, toners, exfoliants, anti-aging formulations, mud masks, sun protection, night creams, and moisturizers. Additional lines include lip care, hair and scalp treatments, body washes, and lotions, all aligned with traditional ayurvedic practices.
Just Herbs's top competitors include The Ayurveda, Asta Berry Biosciences and Vedix.
Yes, Just Herbs is publicly traded on NSE under the ticker symbol MARICO.
Just Herbs has 16 investors. Key investors include Marico, Roots Ventures, Sachit Passi, Himanshu Kohil, and Rahul Nair.
The valuation of Just Herbs is $4.68M as of Apr 2019.
Just Herbs is associated with 2 legal entities: Apcos Naturals Private Limited, Marico Limited.
Yes. Just Herbs was acquired by Marico in July 2021.

