Latest news with #SamirModi
Time of India
19-05-2025
- Business
- Time of India
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo 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. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Fashion Network
19-05-2025
- Business
- Fashion Network
Indian beauty brand Colorbar targets the US and Middle East markets
According to founder and managing director Samir Modi, India's Colorbar Cosmetics plans to go public in early 2027, after doubling its revenue this financial year through design upgrades, new product launches and store expansions. Brands that cater to affluent Indian consumers have largely withstood the cost-of-living-driven slowdown in spending, as wealthier shoppers continue to invest in luxuries and personal care. Colorbar expects to reach revenue exceeding 10 billion rupees (approximately $117 million) in the financial year beginning April 1. Growth strategies include updated packaging and continued investment in store enhancements, Modi told Reuters. The company, currently valued between 25 billion and 35 billion rupees, intends to use proceeds from the IPO to strengthen its skincare and fragrance segments and pursue acquisitions, including international beauty brands. Shares of comparable listed beauty players like Nykaa and Honasa Consumer have struggled since debuting, as analysts question their profitability amid rising market competition. Colorbar, which roughly broke even last year, also faces intense competition. Its rivals include local independent labels such as Sugar Cosmetics and MyGlamm, as well as global heavyweights like Estée Lauder 's Bobbi Brown and MAC. Established two decades ago, Colorbar offers a wide range of cosmetics—from lipsticks and foundations to skincare products such as serums and moisturizers. The brand operates over 100 exclusive outlets and distributes through over 1,200 multibrand retailers, including major chains like Shoppers Stop and Lifestyle. It also plans to open an additional 15 to 20 stores this fiscal year. Looking ahead, Modi said the company aims to generate up to 25% of its revenue from exports within the next five years by expanding in markets such as the United States and the Middle East. ($1 = 85.4900 Indian rupees)
Business of Fashion
18-05-2025
- Business
- Business of Fashion
Indian Cosmetics Brand Colorbar Eyes IPO in Early 2027
India's Colorbar Cosmetics is planning to go public in early 2027, after doubling its revenue this financial year by upgrading its designs, launching new products and opening more stores, the makeup and skincare brand's top boss told Reuters. Brands catering to wealthier Indians have weathered a high-cost-of-living-led slowdown in consumer spending, as the affluent continue to splurge on comforts and luxuries. Colorbar expects to double revenue to over 10 billion rupees ($117 million) in the financial year starting April 1, including by introducing new packaging and store upgrades, its founder and managing director Samir Modi said. Modi said Colorbar, valued at 25 billion to 35 billion rupees, would go public in early 2027 and use the proceeds to strengthen its skincare and fragrance lines and pursue acquisitions, including overseas brands. Stocks of beauty brands including Nykaa and Honasa Consumer have taken a beating since listing as brokerages have raised concerns about profit margins due to heightened competition. Colorbar, which roughly broke even last year, faces competition too, not just from privately owned Indian brands including Sugar Cosmetics and MyGlamm but also from global majors such as Estée Lauder's Bobbi Brown and MAC. Founded two decades ago, Colorbar sells a variety of beauty products, including makeup essentials like lipsticks and foundations as well as skincare items such as serums and moisturisers. Colorbar, which has more than 100 outlets and sells through over 1,200 multi-brand stores including Shoppers Stop and Lifestyle, also plans to open 15 to 20 stores this financial year. Modi also said Colorbar, which brings in the bulk of its revenue from India, expects up to a quarter of its revenue from exports in the next five years by expanding in the United States and the Middle East. US stocks closed higher on Friday, with the Dow gaining more than three quarters of a percent, the S&P 500 climbing seven-tenths of a percent and the Nasdaq adding half a percent. By Praveen Paramasivam; Edited by Mark Potter Learn more: Accessing India's Booming Beauty Market Just Got Easier Reliance Industries and Tata Group have launched multi-brand beauty retailers Tira and Tata Cliq Palette respectively in a challenge to incumbents like Nykaa, Purplle and Sephora.
Fashion Network
18-05-2025
- Business
- Fashion Network
Indian beauty brand Colorbar targets the US and Middle East markets
According to founder and managing director Samir Modi, India's Colorbar Cosmetics plans to go public in early 2027, after doubling its revenue this financial year through design upgrades, new product launches and store expansions. Brands that cater to affluent Indian consumers have largely withstood the cost-of-living-driven slowdown in spending, as wealthier shoppers continue to invest in luxuries and personal care. Colorbar expects to reach revenue exceeding 10 billion rupees (approximately $117 million) in the financial year beginning April 1. Growth strategies include updated packaging and continued investment in store enhancements, Modi told Reuters. The company, currently valued between 25 billion and 35 billion rupees, intends to use proceeds from the IPO to strengthen its skincare and fragrance segments and pursue acquisitions, including international beauty brands. Shares of comparable listed beauty players like Nykaa and Honasa Consumer have struggled since debuting, as analysts question their profitability amid rising market competition. Colorbar, which roughly broke even last year, also faces intense competition. Its rivals include local independent labels such as Sugar Cosmetics and MyGlamm, as well as global heavyweights like Estée Lauder 's Bobbi Brown and MAC. Established two decades ago, Colorbar offers a wide range of cosmetics—from lipsticks and foundations to skincare products such as serums and moisturizers. The brand operates over 100 exclusive outlets and distributes through over 1,200 multibrand retailers, including major chains like Shoppers Stop and Lifestyle. It also plans to open an additional 15 to 20 stores this fiscal year. Looking ahead, Modi said the company aims to generate up to 25% of its revenue from exports within the next five years by expanding in markets such as the United States and the Middle East. ($1 = 85.4900 Indian rupees)
Fashion Network
18-05-2025
- Business
- Fashion Network
Indian beauty brand Colorbar targets the US and Middle East markets
According to founder and managing director Samir Modi, India's Colorbar Cosmetics plans to go public in early 2027, after doubling its revenue this financial year through design upgrades, new product launches and store expansions. Brands that cater to affluent Indian consumers have largely withstood the cost-of-living-driven slowdown in spending, as wealthier shoppers continue to invest in luxuries and personal care. Colorbar expects to reach revenue exceeding 10 billion rupees (approximately $117 million) in the financial year beginning April 1. Growth strategies include updated packaging and continued investment in store enhancements, Modi told Reuters. The company, currently valued between 25 billion and 35 billion rupees, intends to use proceeds from the IPO to strengthen its skincare and fragrance segments and pursue acquisitions, including international beauty brands. Shares of comparable listed beauty players like Nykaa and Honasa Consumer have struggled since debuting, as analysts question their profitability amid rising market competition. Colorbar, which roughly broke even last year, also faces intense competition. Its rivals include local independent labels such as Sugar Cosmetics and MyGlamm, as well as global heavyweights like Estée Lauder 's Bobbi Brown and MAC. Established two decades ago, Colorbar offers a wide range of cosmetics—from lipsticks and foundations to skincare products such as serums and moisturizers. The brand operates over 100 exclusive outlets and distributes through over 1,200 multibrand retailers, including major chains like Shoppers Stop and Lifestyle. It also plans to open an additional 15 to 20 stores this fiscal year. Looking ahead, Modi said the company aims to generate up to 25% of its revenue from exports within the next five years by expanding in markets such as the United States and the Middle East.
