Results · Commerce & Consumer Brands

Renee Cosmetics narrows loss, eyes profitability

What they do

Renee Cosmetics makes and sells affordable makeup like lipsticks and eye shadows

In FY26, revenue rose 38% to ₹440 Cr and net loss fell 46% to ₹36 Cr

The company expects to turn profitable in FY27 and targets an IPO by FY29

The results show a clear path to profitability with strong revenue growth and shrinking losses.
Offline sales contributed 35% of revenue, showing the brand's physical retail strength.
Quick commerce (Blinkit, Zepto) already accounts for 15% of revenue, a fast-growing channel.
The company has raised over $80 million to date and says it does not need more equity funding soon.

Renee Cosmetics is an affordable color cosmetics brand selling lipsticks, eye shadow, mascara, foundation, and perfumes.
It has 250 master SKUs and 750 sub SKUs.
Its most popular product lines are eye makeup and lipstick.
The brand has forayed into skincare with an Ayurveda-led brand called Indian Secrets.
Products are sold across 25,000 offline touchpoints.
Average order value is ₹750 on its own website and ₹500 on online marketplaces.
Repeat rate on online sales is 42%.
60% of business comes from tier II, III and IV markets.
The company is expanding on quick commerce platforms Blinkit and Zepto with smaller, affordable products.

Target 40-50% revenue growth in FY27.
Expects to achieve profitability in FY27.
Targets FY27 revenue of ₹600 crore and annual recurring revenue of ₹800 crore.
Aims for ₹1,000 crore ARR with 10% positive EBITDA and profitability in the next couple of years.
Targeting an IPO by FY29 after achieving profitability.
Sees no need for another equity funding round in the near term; has sufficient runway and cash flow.