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

EntrackrEntrackr · 10m 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 · 6m 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.

Decathlon India posts Rs 4,008 Cr revenue and Rs 197 Cr PAT in FY24

EntrackrEntrackr · 6m ago
Decathlon India posts Rs 4,008 Cr revenue and Rs 197 Cr PAT in FY24
Medial

Decathlon India posts Rs 4,008 Cr revenue and Rs 197 Cr PAT in FY24 Decathlon has made a turnaround in FY24, reporting a profit of Rs 197 crore, a sharp recovery from a Rs 18 crore loss in FY23. However, its revenue growth remained flat, registering a 2.2% year-on-year increase for the fiscal year ending March 2024. Decathlon India’s revenue from operations grew to Rs 4,008 crore in FY24 from Rs 3,920 crore in FY23, its annual standalone financial statements sourced from the Registrar of Companies (RoC) show. Decathlon India operates on a direct-to-consumer model, managing the design, manufacturing, and sale of its sports gear through large retail stores and an e-commerce platform. The company currently operates 90 stores across India. The sale of sports products was the sole source of revenue for Decathlon India. It also added Rs 58 crore from interest on investments and other non-operating income which tallied its overall to Rs 4,066 crore in FY24. The cost of procurement was the latest cost center forming 64.4% of the overall expenditure. This cost was reduced by 4.3% to Rs 2,448 crore in FY24, compared to Rs 2,559 crore in FY23. Decathlon India spent Rs 327 crore on employee benefits. Its controlled spending on power, rent, repairs, fuel, advertising, information technology, freight, franchisee fees, and legal/professional expenses led to an overall cost reduction of 4.5% to Rs 3,797 crore in FY24 from Rs 3,975 crore in FY23. Despite modest revenue growth, Decathlon India’s cost-control measures enabled it to post a net profit of Rs 197 crore in FY24, a sharp recovery from a Rs 18.6 crore loss in FY23. On a unit level, the company spent Re 0.95 to earn a rupee, with improved ROCE at 17.79% and EBITDA at 14.49%. By the end of the last fiscal year (FY24), its total current assets stood at Rs 1,247 crore, including Rs 325 crore in cash and bank balances. Last year, Decathlon India CEO Sankar Chatterjee mentioned that the company plans to double its revenue to Rs 8,000 crore within the next 3 to 5 years.

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