The startup's growth comes on the back of a 10-11% annual growth rate in India's $20-billion beauty and personal care market, which is the fastest in the world, as per a report by Redseer and Nykaa.
In FY24, Renee Cosmetics managed to double its revenue from operations to ₹191.7 crore in its fourth year of business, while losses widened 88% to ₹61.5 crore, mainly because of over ₹100 crore of advertising and promotional expenses.
Denne historien er fra January 06, 2025-utgaven av Financial Express Kochi.
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Denne historien er fra January 06, 2025-utgaven av Financial Express Kochi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Govt to seek views on making auto expo annual affair
BHARAT MOBILITY GLOBAL Expo 2025 came to a close on Wednesday after witnessing around 200 product unveils across automotive, components and technology, with the government planning to seek industry views to make it an annual affair.
Let there be truce: Realtors to Lodhas
PROMINENT REAL ESTATE developers and brand experts have called for an amicable resolution to the legal dispute between the Lodha brothers, Abhishek and Abhinandan, regarding the use of their family name in business.
...Hints at Possible Russia Sanctions if Ukraine Issue Fails
US President Donald Trump has said he is ready to meet his Russian counterpart Vladimir Putin anytime, but at the same time warned that he would likely impose sanctions on Russia if the latter does not come to the negotiations table on the issue of Ukraine.
Food, fertiliser and LPG subsidies may be raised
The government is likely to raise spending on food, fertiliser, and cooking gas subsidies to ₹4.1 lakh crore in the next fiscal year, sources said, a moderate 8% year-on-year increase to cover higher food and energy costs.
HDFC Bank Aims To Bring CD Ratio Down To Pre-Merger Level Within Two Years
HDFC Bank will take a couple of years to bring its credit-deposit (CD) ratio down to the pre-merger level of below 90%.
CAG red flags expenses by firm behind RRTS
Matter Under Investigation
Zypp Electric set to double fleet this yr
The expansion will also involve increasing the number of driver partners from 22,000 to 50,000
BPCL sets FY26 capex target at ₹19,000 crore
State-owned Bharat Petroleum Corporation Ltd (BPCL), which recorded a 19.6% jump in its consolidated profit for the third quarter of FY25, has revised its capex target for the current fiscal year upwards from ₹13,000 crore to ₹16,000 crore and set the goal for 2025-26 at around ₹19,000 crore.
Bad loans weigh on HDFC...
THE NET NPA ratio rose to 0.46% from 0.41%. Slippages for the quarter increased to ₹8,800 crore in Q3 from ₹7,800 crore in the September quarter.
Race for AI dominance
Stargate is part of US-China tech battle, but India should also look at foundational AI development
