About Set Wet
Set Wet is a publicly listed company based in Mumbai (India) founded in 2005, and was acquired by Marico in August 2016. Mens grooming products including hair gels and fragrances are offered. The company has 1,832 employees. Its chief executive, as recorded, is Saugata Gupta. Its Indian entity Marico Limited reported revenue of ₹15,826 Cr. Its focus areas include Consumer Goods, Beauty & Personal Care Products, Men's Grooming and Hair Care. Its competitors include The Man Company, Bombay Shaving and Beardo; 3 of its 3 listed competitors have raised funding.
Company details
Set Wet was founded in 2005 in Mumbai, India, as a brand focused on mens grooming products. Hair gels are primarily provided, alongside beard care items, hair wax, and fragrances. Products are distributed through partnered online and offline retailers. Operations center on the personal care sector, with sales targeted at male consumers in India and beyond. Leadership is held by CEO and MD Saugata Gupta.
- Headquarters Mumbai, India
- Employees 1,832
- Stage Acquired
- SectorsConsumer
- Phone•••• ••••
- Website setwet.com
- Social X Facebook
- Acquired by Marico (Aug 2016)
- Legal Name Marico Limited
- Date of Incorporation 13 Oct, 1988
- Jurisdiction Mumbai, Maharashtra, India
- Market Cap₹1,17,278 Cr
MARICO · NSE
- Share Price₹905.70
+0.41% 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)58.1x
P/B 24.8x
- ROE44.3%
ROCE 40.5%
- Debt / Equity0.14
Interest cover 2.5x
- InvestorsReckitt
& 1 more
- Employee Count1,832
- Acquired by
Associated legal entities of Set Wet
Set Wet operates through Marico Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Marico Limited Listed CIN L15140MH1988PLC049208 | Active | 13 Oct 1988 | Mumbai, Maharashtra | ₹15,826 Cr | 1,832 | 14 | View details |
Investors in Set Wet
Set Wet has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Reckitt and Marico.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Consumer healthcare, hygiene, and home care products are manufactured worldwide. | 1823 | rb.com | Slough, United Kingdom | |
Health, beauty, and wellness consumer brands are manufactured. | 1990 | marico.com | Mumbai, India |
Investor details for Set Wet
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 Marico Limited (Set Wet)
Marico Limited is the primary company behind Set Wet. The board of Marico Limited currently have 12 directors; the longest-serving is Harsh Charandas Mariwala, appointed in 1988. 18 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 |
| 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 Set Wet
1 people are tracked at Set Wet (1 in leadership); the tracked headcount is 1,832.
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership |
Complete people profiles for Set Wet
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 Set Wet
Set Wet 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 Set Wet
Exchange-reported figures of Marico Limited, the listed company behind Set Wet (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 |
Competitors of Set Wet
Set Wet has 3 listed competitors in our database, 3 of them funded. They include The Man Company, Bombay Shaving and Beardo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| themancompany.com | 2015 | Gurugram, India | $10.98M | 316 | Multi-category organic grooming products for men are offered online. | |
| bombayshavingcompany.com | 2015 | Gurugram, India | $52.66M | 150 | Online brand offering mens grooming products | |
| beardo.in | 2015 | Ahmedabad, India | $1.7M | 2,077 | Men's grooming products are offered online by Beardo. |
Detailed competitors of Set Wet
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Web traffic of Set Wet
The website of Set Wet (setwet.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 105.5% vs previous month
Top companies in Beauty & Personal Care Products
3 companies that operate in the same segment as Set Wet (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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Frequently Asked Questions about Set Wet
Set Wet was founded in 2005.
Set Wet is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Saugata Gupta is the CEO of Set Wet, as recorded in our data.
Set Wet has 1,832 employees.
The primary company behind Set Wet, Marico Limited, reported revenue of ₹15,826 Cr for FY 2026, up 25% year on year.
Set Wet was founded in 2005 in Mumbai, India, as a brand focused on mens grooming products. Hair gels are primarily provided, alongside beard care items, hair wax, and fragrances. Products are distributed through partnered online and offline retailers. Operations center on the personal care sector, with sales targeted at male consumers in India and beyond. Leadership is held by CEO and MD Saugata Gupta.
Set Wet's top competitors include Bombay Shaving, The Man Company and Beardo.
Yes, Set Wet is publicly traded on NSE under the ticker symbol MARICO.
Set Wet operates through Marico Limited.
Yes. Set Wet was acquired by Marico in August 2016.
The legal entities of Set Wet currently have 14 directors, including Saugata Gupta, Rishabh Harsh Mariwala, Ananth Sankaranarayanan and others.