Consumer deal volumes climb 22% but values crash 63% to $1.4bn as investors turn picky
Q4FY26 logged 145 consumer/retail deals worth just $1.4bn, per Grant Thornton Bharat. Top-5 deals captured 57% of value, led by HUL-Oziva ($90m) and Marico's Skinetiq, Cosmix and 4700BC buys. Capital is concentrating on premium wellness plays with proven unit economics.
Indian consumer/retail M&A and PE deals rose to 145 in Jan-Mar 2026 but value fell 63% to $1.4bn. Investors favor premium wellness, proven unit economics; HUL-Oziva and Marico's Skinetiq, Cosmix, 4700BC buys lead personal care.