New Delhi, May 2025 — Indian beauty and skincare brand Colorbar Cosmetics is gearing up for an initial public offering (IPO) in early 2027, following a strong financial performance that saw the company double its revenue this fiscal year. The strategic move aligns with Colorbar’s aggressive expansion plans and growing consumer demand for premium beauty products in India.
According to Samir Modi, Founder and Managing Director of Colorbar, the company expects to cross ₹1,000 crore ($117 million) in revenue in FY26, thanks to new product launches, modernized packaging, and the opening of additional retail outlets. The brand has also upgraded store formats to enhance customer experience across India’s urban centers.
Targeting Affluent Consumers in a Competitive Market
Colorbar’s growth trajectory comes at a time when many consumer brands are grappling with a cost-of-living-driven slowdown. However, companies catering to affluent Indian consumers—like Colorbar—have continued to flourish, with luxury spending showing resilience.
“Despite market pressures, demand from premium segments remains strong,” said Modi. “Our brand is positioned to capture this growth, and the upcoming IPO will support our ambitions in skincare, fragrance, and global expansion.”
The company, currently valued between ₹2,500 crore and ₹3,500 crore, aims to use IPO proceeds to strengthen its core product lines and pursue strategic acquisitions, including international beauty brands.
IPO Strategy and Global Expansion
Colorbar is setting the stage for its public debut at a time when listed beauty brands like Nykaa and Honasa Consumer (Mamaearth) have faced investor scrutiny over thin profit margins and rising competition. Despite these market dynamics, Colorbar is confident in its model, having broken even in FY25 and maintained sustainable growth across channels.
The brand plans to open 15–20 new stores this year and grow its international footprint, especially in the United States and the Middle East. Modi anticipates exports contributing up to 25% of revenue within the next five years.
Established Presence in Indian Beauty Retail
Founded over two decades ago, Colorbar has built a strong omnichannel presence with:
- 100+ exclusive brand outlets
- Placement in 1,200+ multi-brand retail stores including Shoppers Stop and Lifestyle
- A broad portfolio of makeup, skincare, and fragrance products
- Strong focus on design innovation and customer engagement
With India’s beauty and personal care market rapidly evolving and global players such as MAC and Bobbi Brown intensifying competition, Colorbar continues to hold its ground among top homegrown brands like Sugar Cosmetics and MyGlamm.
