13-05-2025
Bombay Shaving Company eyes Rs 500 crore ARR in FY26, plans offline expansion
Personal care label Bombay Shaving Company is targeting an annual run rate of Rs 500 crore by the end of the 2026 financial year, with longer-term ambitions of reaching Rs 1,000 crore by 2030, fuelled by quick commerce and brick-and-mortar expansion.
'Quick commerce will continue to deepen its presence, expanding from 70 to 80 cities to over 100 and increasing pin code coverage over the next one to two years,' Bombay Shaving Company's chief executive Shantanu Deshpande told India Retailing in an interview. 'Once that's underway, we plan to scale our general trade presence from 25 to 100 cities over three to five years. In modern trade, we're already in 70% of key stores and aim to reach the remaining 30%.'
The brand also plans to scale its exclusive brand outlet footprint from 14 to 100 stores over the next two to three years, while increasing its consumer base from 25 million to 100 million within three years. The business is also aiming to become ready for an initial public offering in the same timeframe.
'As a consumer brand built for India, and with our competitors already listed, we see a strong opportunity to create value for retail investors," said Deshpande. "Whether we actually go public remains to be seen, but becoming IPO-ready is definitely the goal."
Bombay Shaving Company continues to invest between 25% and 35% of its revenue in marketing, including youth-focused initiatives like Razor IP and a co-branded travel kit with Mokobara. The brand also has a corporate gifting segment, according to its website.
