The company’s foreign subsidiary Kaya Middle East, DMCC, along with its local partner has entered into a share purchase agreement to acquire 75 percent beneficial interest in Iris Medical Centre LLC situated at Abu Dhabi. Iris Medical Centre LLC carries out business of skincare services and operates one clinic in Abu Dhabi. Iris Medical Centre LLC has reported revenue of AED 2.24 million as per its last financial statement for half year ended on September 30, 2015. Kaya had reported consolidated profit of Rs 2.6 crore in Q2 FY16 (Aug-Sept) against Rs 12.6 crore in corresponding quarter last fiscal. The company has added 4 clinics and 35 Kaya skin bar outlets across format in India in Q2 FY16. Overall in India Kaya has 106 clinics and 64 Kaya skin bar outlets and operates 19 clinics in Middle East.
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