Recently, according to report, India’s Colorbar Cosmetics is preparing for an initial public offering in early 2027, riding high on a surge in revenue and strategic expansion efforts. The beauty and skincare brand, founded by entrepreneur Samir Modi, has doubled its revenue in the current financial year, driven by upgraded packaging, the launch of new products, and increased retail presence.
Speaking to Reuters, Modi revealed that the company expects to cross ₹10 billion ($117 million) in revenue in the fiscal year starting April 1. The growth comes despite a broader consumer spending slowdown, as affluent Indian consumers continue to spend on lifestyle and beauty products—a segment where Colorbar has carved out a strong presence.
Colorbar is currently valued between ₹25 billion and ₹35 billion. The company plans to use the IPO proceeds to expand its skincare and fragrance offerings, as well as to pursue strategic acquisitions, including potential international brands. The IPO will mark a significant milestone for the brand, which was established two decades ago and now competes with both domestic players like Sugar Cosmetics and MyGlamm, and global giants such as Estée Lauder’s MAC and Bobbi Brown.
With more than 100 exclusive outlets and a presence in over 1,200 multi-brand retail locations such as Shoppers Stop and Lifestyle, Colorbar is planning to open an additional 15 to 20 stores in the current financial year. While the brand currently earns the bulk of its revenue from the Indian market, Modi said the company is targeting up to 25% of its revenue from exports over the next five years by expanding into the United States and the Middle East.
