Bajaj Electricals acquires Morphy Richards Brand Rights in India and Neighbouring Markets for ₹141.4 Crores

Bajaj Electricals Limited announced the signing of a definitive agreement to acquire the intellectual property and brand rights of Morphy Richards in India and select South Asian markets for a consideration of ₹141.4 crores. This landmark move builds upon more than two decades of successful collaboration under licensing agreements and enables Bajaj Electricals to fully own and steer the Morphy Richards portfolio in India, Nepal, Bhutan, Bangladesh, Sri Lanka and the Maldives.

Morphy Richards, founded in the UK in 1936, has built a strong reputation globally for its premium, design-led home appliances and personal care products. In India, since 2002, Bajaj Electricals has nurtured the brand under licensing arrangements, making it one of the leading international brands in many product categories in the country. In 2022, the parties extended their trademark licensing agreement for 15 years, reaffirming the long-term commitment. With this acquisition, Bajaj Electricals will strengthen its multi-brand strategy, enabling deeper investments in innovation, design, and goto-market execution. The company anticipates creating greater value for consumers, channel partners, and shareholders by owning full control of the brand in the regions.

"This acquisition is a natural next step in our portfolio journey. Over the years, we have understood Indian consumers' evolving needs for convenience, design, and reliability. Acquiring Morphy Richards brand gives us the strategic flexibility to invest more consistently, innovate faster, and accelerate growth across premium consumer segments," said Mr. Sanjay Sachdeva, MD and CEO, Bajaj Electricals Limited.

From the perspective of Glen Dimplex, Morphy Richards has been an iconic brand with deep heritage and emotional resonance. "We are pleased to entrust the Morphy Richards brand in India and neighbouring markets to Bajaj Electricals. Their proven track record and deep understanding of the local consumer landscape give us confidence that the brand will continue to thrive and evolve," said Mr. Fergal Naughton, Executive Chairman, Glen Dimplex.

Shares of Bajaj Electricals Limited was last trading in BSE at Rs. 360.75 as compared to the previous close of Rs. 374.15. The total number of shares traded during the day was 22957 in over 613 trades.

The stock hit an intraday high of Rs. 368.65 and intraday low of 353.80. The net turnover during the day was Rs. 8272003.00.

Source : Equity Bulls

Keywords

BajajElectricals INE193E01025 Acquisition BrandRights India MorphyRichards