By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
businesspressbusinesspressbusinesspress
Notification Show More
Font ResizerAa
  • Home
  • Interview
  • News
  • Press Release
  • Event
  • Real Estate
  • Finance
  • Technology
  • Business
  • Startups
Reading: Sugar Cosmetics Reported Rs 505 Cr Revenue and Rs 76 Cr Loss in FY24.
Share
Font ResizerAa
businesspressbusinesspress
  • Home
  • Interview
  • News
  • Press Release
  • Event
  • Real Estate
  • Finance
  • Technology
  • Business
  • Startups
  • Home
  • Interview
  • News
  • Press Release
  • Event
  • Real Estate
  • Finance
  • Technology
  • Business
  • Startups
Have an existing account? Sign In
businesspress > Blog > News > Sugar Cosmetics Reported Rs 505 Cr Revenue and Rs 76 Cr Loss in FY24.
NewsStartups

Sugar Cosmetics Reported Rs 505 Cr Revenue and Rs 76 Cr Loss in FY24.

BusinessPress
Last updated: November 16, 2024 1:06 pm
BusinessPress
Published November 16, 2024
Share
SHARE

Following a 90% year-on-year growth in FY23, the direct-to-consumer (D2C) cosmetics business Sugar Cosmetics experienced a modest 20% growth in the fiscal year ending March 2024. However, the company lowered its losses by 11.4% within the same period.

According to annual financial statements filed with the Registrar of Companies (RoC), Sugar’s operating revenue climbed to Rs 505 crore in FY24, up from Rs 420 crore in FY23.

Sugar’s revenue comes from selling cosmetic and beauty items, including Rs 2.5 crore in exports in FY24. It also received Rs 10 crore in interest income, bringing its total earnings to Rs 515 crore in the last fiscal year.

Advertising and sales promotion remained Sugar’s primary expense center, as they did for the other D2C companies. This cost remained steady from FY23, standing at Rs 162 crore in FY24. The cost of material procurement grew by 21.1% to Rs 138 crore in FY24 from Rs 114 crore in FY23, reflecting the magnitude. Employee benefits, rent, information technology, legal, outsourced support, packaging, and other overheads raised the entire spending by 15.6% to Rs 584 crore in fiscal year 24.

Also Read:

India Becomes the fourth Nation to Surpass $700 Billion in Foreign Exchange Reserves

Deepinder Goyal of Zomato is leaving Shark Tank India, and Rival Swiggy will be Sponsoring the Program

You Might Also Like

‘New History’ is Celebrated as the Syrian Leader Signs a Constitutional Declaration

Wallet-as-a-service’ startup Ansa raises $14 million with female investors leading the way

Poland and the UAE Look into New Commercial and Economic Partnership Opportunities

According to an RBI Report, Banks’ gross Non-Performing assets (NPA) ratio Approaches 3% for the First Time Since 2012.

26 Practical Nutrition and Exercise Suggestions

Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Social Medias
Facebook X-twitter Instagram Linkedin
Popular News

Drought in Sicily and Namibia

BusinessPress
BusinessPress
August 28, 2024
Ryanair’s Profits Soar Following a 20% Increase in Fares.
Transformative and Innovative Solutions for Dental Practices with The Efficiency Catalyst™: Dr. Neal Johnson
Citing Ties to China, Trump Wants the Head of Intel Quit Immediately
Jimmy Kimmel Returns to Late-Night Television After Being Suspended for Six Days

Categories

  • Business
  • Crypto
  • Event
  • Fashion
  • Finance
  • Gaming
  • Health & Fitness
  • Interview
  • Lifestyle
  • Marketing
  • News
  • Opinion
  • Photography
  • Press Release
  • Real Estate
  • Science
  • Social Media
  • Software
  • Startups
  • Technology
  • Uncategorized
  • World
Reading: Sugar Cosmetics Reported Rs 505 Cr Revenue and Rs 76 Cr Loss in FY24.
Share

About US

Business Press is an online media platform dedicated to providing valuable insights into the business world, covering a wide range of niches including technology, finance, marketing, health, artificial intelligence, events, software, cryptocurrency, and more. With a team of experienced journalists and industry experts, Business Press delivers the latest trends, analysis, opinion pieces, and exclusive interviews, catering to the needs of entrepreneurs, professionals, and business enthusiasts. The platform is committed to offering content that is informative, engaging, and thought-provoking, helping readers stay ahead in the ever-evolving business landscape.

Contact Now

sales@businesspress.online
+91.9899630849

© Business Press 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?