The Derma Co touches Rs 500 crore annual revenue mark in FY 23

22 Apr 2024 , 04:37 PM

Honasa Consumer announced that its skincare brand ‘The Derma Co’ has reached an annual revenue of ₹500 Crore. The company attributed this milestone to its data-driven innovation strategy and expertise in creating on-trend skincare products.

Previously, The Derma Co surpassed annual revenue of ₹350 Crore in September 2023 and achieved a positive EBITDA status in the December quarter.

The brand focuses on leveraging data for product innovation and responding quickly to emerging trends in the skincare industry.

The Derma Co offers a range of active ingredient-based skincare products tailored for Indian skin, addressing concerns like acne, sun care, pigmentation, and more.

The brand is available through various channels including retail outlets, digital platforms, e-commerce websites, and select modern trade partner outlets.

Varun Alagh, co-founder, chairman, and CEO of Honasa Consumer, attributes The Derma Co’s success to the company’s strategic brand-building approach.

Honasa Consumer’s Colorcare category has achieved an annual run-rate of ₹150 Crore, while its Rosemary hair-care line reached an ARR of ₹50 Crore within six months of launch.

The company’s shares were trading 4.47% higher at ₹406.00, reflecting investor confidence in its growth trajectory. The stock has witnessed a 20% raise in the last one year and a 4.88% dip since the beginning of the year.

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