Colorbar Cosmetics is undergoing a significant transformation with a Rs 200 crore investment to enhance its luxury appeal, aiming for Rs 1,000 crore in sales by fiscal year-end and an IPO in three years. The brand is expanding into new categories like perfumes, men's grooming, and skincare, while also focusing on sustainability with refillable makeup packaging.
Douglas, the German premium beauty retailer, reported a 16% drop in second-quarter adjusted core profit due to weak consumer sentiment, with adjusted EBITDA at 122.4 million euros. Sales fell 2% to 939 million euros, impacted by negative calendar effects and lower traffic.
Tata 1mg is entering a new growth phase with plans to expand offline and raise $300 million in external funding. Backed by Tata Digital, the e-pharmacy’s revenue has tripled since 2021. It’s now pursuing an omnichannel strategy amid rising competition and regulatory challenges in quick medicine delivery.
India and UK free trade agreement will reduce duties on cosmetics. This will lead to more affordable beauty product imports from the UK. Companies like The Body Shop plan to increase imports. Retailers such as Nykaa and Reliance Tira will also benefit. The policy will help meet the growing demand of young Indian consumers.
Skincare brand Deconstruct sees a big jump in revenue, reaching Rs 130 crore. The company is now EBITDA-profitable. This growth is due to high demand and better marketing. Deconstruct plans to reach Rs 500 crore in revenue by FY26. They are focusing on quick commerce and aim to expand globally. The brand will invest in new products and customer engagement.
Mini-sized beauty products are gaining traction in India, driven by affordability, convenience, and the desire for experimentation, particularly among Gen Z. Lakme recognizes the potential of minis to expand make-up usage beyond special occasions, leveraging quick commerce platforms and digital investments to reach consumers.
Founded in 2022 by Keshav Biyani and Prabhu Karthikeyan, Mumbai-based The Good Bug develops probiotic and gut-focused health products targeting digestion, immunity, and metabolic health. It will use the funds to expand R&D efforts in microbiome science and scale clinical trials.
KorinMi, a Korean skincare clinic brand, has raised Rs 3 crore in pre-seed funding led by Vikas Agarwal and other angel investors. The startup plans to expand its clinic network to 25 outlets across major Indian cities and launch a D2C skincare range tailored for Indian skin. With a focus on clinical approach, KorinMi has achieved operational profitability within six months.
The Mumbai-based company has been selling or exploring the sale of various portfolio brands as part of its efforts to maintain liquidity and keep operations running during a turbulent period. On April 11, ET reported that Good Glamm is in advanced talks to sell its media and influencer talent management arm, MissMalini Entertainment, to marketing agency Creativefuel.
India's drug advisory body is considering the future of doorstep medicine delivery, initiated during the Covid-19 pandemic. The All-India Organisation of Chemists and Druggists is urging the government to withdraw the notification, alleging misuse by digital platforms and prioritizing profit over patient safety. A sub-committee will now examine the matter in detail before a decision is made.
In a groundbreaking move, Dava Ninja has unveiled a rapid medicine delivery app in Mumbai, designed to keep your health on track. Offering delivery of both essential and prescription medications in just 60 minutes, certain neighborhoods can look forward to even faster service under 30 minutes.
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