New Delhi, India — Indian beauty and skincare company Colorbar Cosmetics has doubled its revenue this fiscal year, thanks to new product launches, updated designs, and increased retail presence. The company now aims to go public in early 2027, founder and Managing Director Samir Modi told Reuters.
Targeting India’s Luxury Buyers
Despite a broader slowdown in consumer spending across India, Colorbar has seen strong sales. Luxury and premium brands are holding steady as India’s wealthier consumers continue to spend on high-end products, even with rising living costs.
Colorbar expects to reach 10 billion rupees ($117 million) in revenue in the current fiscal year starting April 1. The brand is focusing on redesigning its packaging, improving stores, and launching new product lines to fuel this growth.
IPO Plans and Business Expansion
Modi revealed that Colorbar is valued between 25 billion and 35 billion rupees, and the company plans to list publicly in early 2027. Proceeds from the IPO will be used to strengthen its skincare and fragrance divisions and explore acquisitions, including international brands.
Competitive Landscape Tightens
Colorbar enters a competitive beauty market where profit margins are under pressure. Other Indian beauty companies such as Nykaa and Honasa Consumer have seen their share prices decline since listing, as investors worry about intense competition.
Colorbar faces domestic competition from brands like Sugar Cosmetics and MyGlamm, as well as international players such as Estée Lauder, Bobbi Brown, and MAC.
A Brand with Two Decades of Experience
Founded 20 years ago, Colorbar offers a wide range of beauty and skincare products, including lipsticks, foundations, serums, and moisturizers. The company operates more than 100 exclusive stores and sells through over 1,200 multi-brand outlets, including retail chains like Shoppers Stop and Lifestyle.
In the current fiscal year, Colorbar plans to open 15 to 20 new stores, further expanding its footprint in India.
Eyes on Global Markets
While most of Colorbar’s revenue currently comes from domestic sales, the company is preparing to scale globally. Modi said Colorbar expects 25% of its total revenue to come from exports in the next five years. The brand is targeting expansion in the United States and the Middle East.
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