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Sugar Cosmetics reports Rs 505 Cr revenue and Rs 76 Cr loss in FY24

EntrackrEntrackr · 1y ago
Sugar Cosmetics reports Rs 505 Cr revenue and Rs 76 Cr loss in FY24
Medial

Following a 90% year-on-year growth during FY23, the direct-to-consumer (D2C) beauty brand Sugar Cosmetics saw a modest 20% growth in March 2024. The company reported a revenue of Rs 505 crore and a loss of Rs 76 crore for FY24. Advertising costs were Rs 162 crore, with total revenue reaching Rs 515 crore. The cost of procurement was Rs 138 crore, and total expenditure amounted to Rs 584 crore. The company managed to reduce its losses by 11.4%. The Return on Capital Employed (ROCE) was -31.87%, and the EBITDA margin stood at -9.22%. Unit spending was Rs 1.16. Current assets were valued at Rs 302 crore, with cash and bank balances of Rs 54 crore. Sugar Cosmetics has raised a total funding of $85 million, with the last funding round being $50 million. The company is valued at an estimated $700-800 million and is considering an IPO.

Argos Watches raises Rs 6.5 Cr in Angel round

EntrackrEntrackr · 9m ago
Argos Watches raises Rs 6.5 Cr in Angel round
Medial

Argos Watches raises Rs 6.5 Cr in Angel round Indian luxury watch brand Argos Watches has raised Rs 6.5 crore (around $780K) in an angel funding round, valuing the company at Rs 45 crore ($5.4 million) from a group of high-net-worth Indian investors. The proceeds will be used to create new products, build brand awareness, and grow online. Argos aims to double its revenue this year. Founded by Mr. M. Shahiwala, Argos brand offers high-quality, vintage-style automatic and hand-wound watches at affordable prices. It sells its watches only through its website, using a direct-to-consumer model to offer an easy buying experience. Its watches cost between Rs 8,000 and Rs 20,000. Its Apollo series and flagship Olympus watch, a mechanical watch with a power reserve indicator, have gained popularity among Indian watch enthusiasts. As of 2025, Argos remains bootstrapped, with an estimated revenue of around $580,000 annually. The brand plans to launch more models with advanced features while continuing to build its brand through community engagement and digital presence.

MapMyIndia posts Rs 35.8 Cr profits in Q1 FY25

EntrackrEntrackr · 1y ago
MapMyIndia posts Rs 35.8 Cr profits in Q1 FY25
Medial

CE Info Systems, the parent company of MapMyIndia, has released its financial results for the first quarter of FY25. The firm reported a 5.1% decrease in its quarter-on-quarter revenue when compared to Q4 FY24. MapmyIndia’s revenue from operations declined by 5.1% to Rs 101.5 crore in Q1 FY25 from Rs 107 crore in Q4 FY24. However, its income increased by 13.5% when compared to the first quarter of FY24, its unaudited consolidated quarterly report sourced from NSE shows. Income from digital map data, GPS navigation, location based services and IoT were the primary source of revenue for MapMyIndia in Q1 FY25. The cost of IoT devices, employee benefit and technical services (outsourced) were the major cost elements, which pushed total cost of the firm to Rs 63.9 crore in Q1 FY25 against Rs 72 crore in Q4 FY24. With the depletion in scale, MapmyIndia recorded a 6.25% decrease in its profit to Rs 35.86 crore during Q1 FY25 as compared to Rs 38.25 crore in the last quarter of previous fiscal year (Q4 FY24). The Delhi-based firm estimated its revenue would touch Rs 1,00 crore in FY 27-28. MapMyIndia is currently trading at Rs 2,309 per shares (as of 04.24PM) with a market capitalization of Rs 12,485 crore ($1.5 billion) MapMyIndia recently sent legal notice to Ola Electric for copying its data as the EV scooter firm launched its own mapping service. The firm claimed that Ola Electric breached the license agreement, which was signed in October 2022. In a response to allegations, Ola founder Bhavish Aggarwal labeled it as an opportunistic move.

Kapiva spends Rs 188 Cr on advertising in FY25; posts Rs 342 Cr revenue

EntrackrEntrackr · 15d ago
Kapiva spends Rs 188 Cr on advertising in FY25; posts Rs 342 Cr revenue
Medial

Kapiva sustained its strong growth momentum in the fiscal year ended March 31, 2025, as revenue rose nearly 50% year on year. However, higher incremental spending during the year weighed on the bottom line and led to a 23% increase in the company’s losses over the same period. Kapiva’s revenue from operations grew 50% to Rs 342 crore in FY25 from Rs 228 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Founded in 2015, Kapiva is an ayurvedic nutrition brand offering natural and organic products in categories such as diabetes, hypertension, liver health, hormonal balance, wellness, energy, and sports nutrition. Sale of these products was the sole source of revenue for the company. Including non-operating income of Rs 7 crore, the company’s total income stood at Rs 349 crore in FY25. For the D2C brand, advertising and promotional expenditure remained the largest cost contributor, accounting for 45% of the total expense. This cost rose 53% to Rs 188 crore in FY25 from Rs 123 crore in FY24. Cost of materials consumed grew 43% to Rs 97 crore, contributing about 23% of overall costs, while employee benefit expenses increased 28% to Rs 59 crore. Transportation cost stood at Rs 22 crore, legal charges doubled to Rs 16 crore, and other overheads added another Rs 36 crore during the year. Overall, the company’s total expense rose 44% to Rs 418 crore in FY25 from Rs 290 crore in FY24. Kapiva’s net loss rose 23% to Rs 69 crore in FY25 from Rs 56 crore in FY24. Its ROCE and EBITDA margin stood at -51.41% and -20.88% respectively. On a unit level, the company spent Rs 1.22 to earn a rupee, better than Rs 1.27 it spent in FY24. The company recorded cash and bank balances of Rs 139 crore, while its current assets were valued at Rs 199 crore in the same period.

Wonderchef posts 421 Cr revenue and Rs 4 Cr profit in FY25

EntrackrEntrackr · 1m ago
Wonderchef posts 421 Cr revenue and Rs 4 Cr profit in FY25
Medial

Wonderchef, the premium kitchenware and home appliances brand co-founded by Ravi Saxena and Chef Sanjeev Kapoor, delivered a stable financial performance in FY25 with improved profitability. Wonderchef’s operating revenue increased 11% to Rs 421 crore in FY25, up from Rs 378 crore in FY24, as per its financial statements filed with the Registrar of Companies (RoC). The sale of products was the sole source of revenue for the company. The company earned an additional Rs 2 crore from interest income which pushed its total income to Rs 423 crore in FY25, compared to Rs 381 crore in FY24. For the kitchen and home appliances seller, the cost of procurement of appliances naturally becomes the largest cost center forming 68% of its overall cost. This cost increased by 11.5% to Rs 281 crore in FY25 from Rs 252 crore in FY24. Employee benefits increased to Rs 35 crore, while transportation and contract manpower costs stood at Rs 17 crore and Rs 10.6 crore, respectively. Overall, total expenses rose 11% to Rs 415 crore in FY25 from Rs 375 crore in FY24. With the company’s revenue growing steadily, its profit spiked to Rs 4.4 crore in FY25 from Rs 1.5 crore in FY24. Its ROCE and EBITDA margin improved to 4.78% and 2.02% respectively. On a unit basis, its expense-to-revenue ratio remained at Rs 0.99, unchanged from FY24. On the balance sheet side, Wonderchef held Rs 23 crore in cash and bank balances, while current assets stood at Rs 229 crore in the same period. Wonderchef is preparing to make its public market debut with a targeted valuation of around Rs 1,800 crore. The IPO is expected to be largely an offer for sale, giving existing investors a chance to exit, though the final issue size remains unclear. The IPO was originally anticipated for late 2025, but may now be pushed to 2026.

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