Indian cosmetics brand Colorbar plans IPO in early 2027 after doubling revenue
NEW DELHI: Indian beauty brand
Colorbar Cosmetics
is planning to launch its initial public offering (IPO) in early 2027 after doubling its revenue this financial year, its founder and managing director
Samir Modi
told Reuters.
The company's growth has been driven by revamped product designs, new launches, and a steady expansion of retail presence. Colorbar expects revenue to surpass Rs 1,000 crore ($117 million) in the current financial year beginning April 1, buoyed by store upgrades and innovative packaging.
Valued between Rs 2,500 crore and Rs 3,500 crore, the brand aims to utilise IPO proceeds to scale up its
skincare and fragrance
portfolios, and to explore acquisitions, including international ones.
'Colorbar will go public in early 2027,' Modi said, adding that the funds raised would support brand diversification and overseas expansion.
While India's broader consumer market has faced a cost-of-living-driven slowdown, brands targeting affluent consumers like Colorbar have remained resilient, as demand for beauty and personal care items among upper-income groups has continued to rise.
Despite the optimism, Colorbar faces strong competition.
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The company, which roughly broke even last year, competes with domestic names such as Sugar Cosmetics and MyGlamm, as well as global players like MAC and Bobbi Brown, owned by Estée Lauder.
Stock market performances of beauty brands such as Nykaa and Honasa Consumer have seen pressure post-listing, with analysts flagging concerns over shrinking profit margins amid stiff competition.
Founded two decades ago, Colorbar offers a wide range of
makeup and skincare products
including lipsticks, foundations, serums, and moisturisers. The company currently operates over 100 exclusive stores and retails through more than 1,200 multi-brand outlets such as Shoppers Stop and Lifestyle.
Modi also revealed plans to open 15–20 new stores this year. Looking ahead, the company expects exports to contribute up to 25% of its total revenue over the next five years, driven by expansion in the United States and the Middle East.
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