TTK Healthcare's 'Love Depot' has Street excited over growth prospects

An exclusive D2C venture may help TTK garner market share in the competitive space that has limited room for mass advertising.

Synopsis
As per a report published this month by Allied Market Research, a global market research firm, India's sexual wellness market generated $1.15 billion of revenue in 2020 and is expected to reach $2.09 billion in size by 2030, logging a CAGR of 5.8% from 2021 to 2030. Online retail is the major driver of the domestic market where men easily outnumber women as end-users.

ET Intelligence Group: TTK Healthcare, the maker of male contraceptive brand Skore, Tuesday announced the launch of its direct-to-consumer (D2C) online venture 'Love Depot' for selling passion products - billed as the first such initiative in the country. The stock surged more than 5%.Love Depot sells international brands such as plusOne, Love Honey, We-Vibe, Je Joue, and Satisfyer, as well as TTK Healthcare's own brands Skore and Mschief, among

Kiran Kabtta Somvanshi

ET Bureau

3 mins read, Last Updated:

Jun 29, 2022, 10:29:00 PM IST

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