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Sugar Cosmetics experiences 89% revenue growth in FY23
source link: https://nextbigwhat.com/sugar-cosmetics-experiences-89-revenue-growth-in-fy23/
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Sugar Cosmetics experiences 89% revenue growth in FY23
- Sugar Cosmetics reported an 89% increase in its scale during FY23, with revenues rising to Rs 420 crore from Rs 222 crore in FY22.
- Major costs for the company included advertising and promotion, accounting for 32% of overall expenditure, and employee benefits and procurement.
- Despite the growth, the company’s losses remained flat at Rs 76 crore, suggesting a potential push for an IPO in the near future.
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