Kaya in focus on acquisition of UAE based hospital

Kaya- Middle East & DMCC, a foreign subsidiary of Kaya, alongwith its local partner acquired 75 per cent stake in the Iris Medical Centre LLC situated at Abu Dhabi. Kaya is a Marico group company which is a de-merged entity. The company entered into a share purchase agreement on December 7,2015.

Iris Medical Centre LLC carries out business of skincare services and operates one clinic in Abu Dhabi. On the financial front, Iris Medical Centre LLC reported a revenue of AED 2.24 million for half year ending on September 30, 2015.

Financially, the revenue of Kaya clocked a growth of 10.24 per cent to Rs 45.86 crore in Q2FY16 as compared to the previous quarter. The company's top line increased by 14.47 per cent to Rs 332 crore in FY15 on yearly basis. It reported a consolidated net profit of Rs 31.78 crore in FY15 with reduction of 15 per cent as compared to the previous financial year.

The shareholding pattern of Kaya indicates that FII holdings contracted by 141 basis points to 4.89 per cent and DII holdings expanded by 107 basis points to 5.56 per cent in the September 2015 quarter. The company's share price increased by 3.69 per cent on bourses in early trades and is trading at Rs 941 on intraday basis.

Kaya is a pioneer in specialized skin care and delivers customized skin care services and products through a combination of qualified dermatologists and US-FDA approved cosmetic dermatological procedures across its chain of skin clinics in India. The company is a sole listed entity in the segment. It operates its business under the brand name Kaya in India and international markets and uses the brand Derma Rx in Singapore and Malaysia.

Over the past 13 years Kaya has increased its reach to 105 skin clinics and 37 Kaya Skin Bars (including Shop in Shop and Stores) across 27 cities in India and has 19 skin clinics in the Middle East. It also has a range of more than 60 skincare products ranging from daily skin care to specific skin concerns.