RPG Life Sciences has forayed into cosmetic dermatology market after joining hands with an Italian cosmetic firm Labo Cosprophar. The company will manufacture hair growth and anti-aging products, branded as Crescina and Fillerina, respectively. The MD of the company, CT Renganathan, said the agreement is for the long-term and expects good additional revenue from this deal. "The dermatology market is growing very fast and hair growth space is promising," he added. He expects the operating margins to be around 8-10 percent in FY17 and revenue to be in line with the last year's Rs 277 crore. The company expects to grow at 18-20 percent in FY17, he added.
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