🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Beauty brand Plum's FY23 revenue rises 71% to Rs 322 crore
Economic Times
·
1y ago
Medial
Direct-to-consumer beauty brand Plum reported a 71.3% increase in total revenue for FY23, reaching Rs 322 crore. However, the company's net loss also widened by 66% to Rs 52 crore. Total expenses rose to Rs 375 crore, with advertising and promotions accounting for 42% of the costs. The growth in Plum's revenue reflects a similar trend in the D2C beauty and personal care sector, driven by increased demand for such products. India's beauty and personal care market is projected to reach $30 billion by 2027.
View Source
Related News
Sugar’s income spikes 89% in FY23 with improved bottom line
Entrackr
·
1y ago
Medial
Sugar Cosmetics experienced a significant growth of over 89% in its scale during FY23, resulting in improved margins. Its revenue from operations increased from Rs 222 crore in FY22 to Rs 420 crore in FY23. However, the bottom line remained unchanged at Rs 76 crore. Advertising and promotion accounted for 32% of the overall expenditure, totaling Rs 162 crore in FY23. Sugar Cosmetics is a D2C beauty brand present in 40,000 retail stores and third-party e-commerce platforms. The company's control on costs hints towards a potential IPO in the future.
View Source
Wow Skin Science's financial report card in FY23
Entrackr
·
1y ago
Medial
Wow Skin Sciences, an omnichannel beauty and personal care brand, experienced a 24.1% decline in operational income in FY23, along with widening losses. The company's revenue is primarily driven by offline sales, constituting 25% of its total scale. The cost of advertisement and promotion accounted for 41% of the overall expenditure, which remained flat at Rs 199 crore. Wow Skin Sciences' losses increased by 56.6% to Rs 213 crore in FY23. However, the company plans to enter the US market directly and targets to reach Rs 1,000 crore in revenue by FY26.
View Source
Renee Cosmetics’ revenue crosses Rs 100 Cr in FY23
Entrackr
·
1y ago
Medial
Ahmedabad-based beauty brand Renee Cosmetics experienced rapid growth, with its revenue surging 3.1 times to Rs 100.4 crore in FY23 from Rs 32.4 crore in FY22. However, the company also saw a 4.5 times increase in losses during the same period. Renee Cosmetics offers a cruelty-free range of eye makeup, lip colors, skin serums, and highlighters, available on various e-commerce platforms and over 650 shop-in-shop stores in India. Advertising costs accounted for a significant portion of the company's expenses, growing 3 times to Rs 60.1 crore in FY23.
View Source
Pilgrim's FY23 revenues soar with four-fold jump
Economic Times
·
1y ago
Medial
Direct-to-consumer personal care brand Pilgrim saw its operating revenue for FY22-23 increase by over four times to Rs 76.46 crore, while its net loss more than tripled to Rs 23.06 crore. The Mumbai-based company's marketing expenses accounted for 68% of its operating revenue in FY23, reaching Rs 52.50 crore. Pilgrim competes with established players like Mamaearth and Purplle, among others, in the beauty and personal care market. In September, Pilgrim raised $20 million in a funding round and aims to achieve an annualized revenue run rate of Rs 1,000 crore by 2025.
View Source
Jar spent Rs 137 Cr to earn Rs 9 Cr in FY23
Entrackr
·
1y ago
Medial
Gold savings platform Jar, backed by Tiger Global, showed revenue of Rs 8.7 crore in FY23, up from being in the pre-revenue stage in FY22. However, the company's losses widened to Rs 123 crore. The largest cost center was advertising, which accounted for 49% of the expenditure, surging by 47.8% to Rs 68 crore in FY23. Jar had invested heavily in brand building and hired Bollywood celebrities as brand ambassadors in FY23. The company has raised over $60 million and is valued at around $325 million.
View Source
Zomato turns profitable! Brings in Rs 2 crore in Q1 as profit, revenue rises 71% to Rs 2,416 crore
Money Control
·
2y ago
Medial
Zomato, the food delivery platform, unexpectedly reports a Q1 profit of INR 2 crore (about $267,000), while its revenue jumps by 70% to INR 2,416 crore (around $322 million). The company's strong financial performance is marked by significant revenue growth and an unexpected profit, highlighting its successful positioning in the competitive food delivery industry.
View Source
Skin care brand Minimalist revenue balloons 8X with profit in last two fiscals
Entrackr
·
1y ago
Medial
Indian direct-to-consumer skincare brand, Minimalist, has experienced significant financial growth, with its revenue increasing 8 times to Rs 184 crore in FY23 from Rs 22 crore in FY21. The company has remained profitable since FY21 and offers a range of skincare and haircare products. Its revenue from operations spiked 70.3% in FY23, and the sale of products was its sole source of revenue. Despite a rise in advertising and employee benefits, its profit shrank 68% in FY23 to Rs 5 crore.
View Source
MamEarth-parent Honasa posts Rs 1,920 Cr revenue, Rs 110 Cr PAT in FY24
Entrackr
·
1y ago
Medial
Honasa Consumer Ltd, the parent firm of the D2C brand MamaEarth, showcased a 28.7% year-on-year growth to near Rs 2,000 crore revenue threshold in FY24. The Gurugram-based firm also posted Rs 110 crore PAT in the same period marking a big turnaround as compared to over Rs 100 crore loss in FY23. Honasa’s revenue from operations grew to Rs 1,920 crore in FY24 from Rs 1,492 crore in FY23, its consolidated financial statements sourced from Bombay Stock Exchange (BSE) show. On a sequential basis, the firm saw a modest 3.7% decrease in revenue to Rs 471 crore in Q4 FY24 from Rs 488 crore in Q3 FY24. The sale of beauty, personal care, and related products across skin, hair, and baby care was the sole source of revenue for Honasa. It also made Rs 48 crore from the interest and gain of financial assets, tallying the total revenue to Rs 1,970 crore in FY24. For the D2C brand, its marketing cum advertisement cost is likely to be the largest cost center but the company didn’t disclose the complete expense breakdown while the cost of procurement of materials formed 31.8% of the overall expenditure. Its employee benefits, finance, depreciation, legal, conveyance, and other overheads took the overall expenditure to Rs 1,822 crore in FY24 from Rs 1,501 crore in FY23. The decent scale and controlled costs helped Honasa post a Rs 110 crore profit in FY24 from a loss of Rs 151 crore in FY23. Its ROCE and EBITDA margins improved to 13% and 9.5%, respectively. On a unit level, it spent Rs 0.95 to earn a rupee in FY24. Note 1: The significant loss of Rs 151 crore in FY23 was attributed to the write-off of its Rs 154 crore investment in Just4kids (Momspresso) which was acquired to expand content and influencer management capabilities. Note 2: Honasa has also encountered a legal suit in the UAE in relation to some distribution agreements with RSM General Trading LLC. The company claimed Rs 100 crore of damages from Honasa Ltd. Further, the court in the UAE also ordered Honsa to pay Rs 57.6 crore plus interest. The company, however, is in the process of making an appeal.
View Source
Icertis clocks 36.6% jump in net profit to Rs 97 Cr in FY24
YourStory
·
9m ago
Medial
SaaS company Icertis reported a net profit of Rs 97 crore in the FY24, an increase from Rs 71 crore in FY23. The firm's operating revenue also rose by 33%, reaching Rs 863 crore. Icertis offers contract life cycle management services and has an AI-driven contract intelligence platform. In recent years, the company has raised significant funding, including $80 million in a Series F round in 2021 and $150 million in 2022.
View Source
Foxtale's revenue soars to Rs 83 Cr in FY24, losses widen
Entrackr
·
6m ago
Medial
Foxtale, a direct-to-consumer (D2C) skincare brand, reported Rs 83 crore of revenue in its third full fiscal year, which ended in March 2024. However, in pursuit of scale, the losses for the Mumbai-based company crossed Rs 50 crore in the same period. Foxtale’s revenue from operations surged around 6X to Rs 83 crore in FY24 from Rs 14 crore in FY23, its annual financial statements sourced from the Registrar of Companies show. Founded in 2021 by Romita Mazumdar, Foxtale is an affordable skincare brand focused on products designed for Indian skin. Its products target issues such as acne, aging, and hyperpigmentation. The brand's products are available on its website and various marketplaces, including Nykaa, Amazon, Blinkit, Flipkart, and Myntra. The sale of skin and beauty products was Foxtale's sole source of revenue in the previous fiscal year. Similar to other D2C skincare brands, Foxtale spent Rs 50 crore on advertising and promotion, which is 36% of its overall cost. This cost saw an increase of 3.8X during FY24. To the tune of scale, its cost of procurement grew 5.8X to Rs 35 crore in the previous fiscal. Foxtale's employee benefit expenses, including salaries, provident fund (PF), gratuity, and ESOPs, surged 2.8x to Rs 20 crore in FY24. Its delivery, legal, outsourcing manpower, and other overheads pushed the overall expenditure to Rs 139 crore in FY24 from Rs 33 crore in FY23. Despite registering 6x fold in scale, higher advertising expenses and employee benefit costs drove Foxtale's losses up by 189% to Rs 55 crore in FY24, compared to Rs 19 crore in FY23. On a unit level, it spent Rs 1.67 to earn a rupee of operating revenue. At the end of FY24, its current assets were recorded at Rs 69 crore, including cash and bank balances of Rs 44 crore. Foxtale has emerged as one of the few D2C startups to secure $48 million across two funding rounds in just seven months. Its latest $30 million round was spearheaded by Japanese beauty products giant, Kose Corporation. Its major competitors include Sugar Cosmetics, WOW Skin Science, Plum, MamaEarth, Minimalist, and several others.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in