Beauty and personal care brand Renee Cosmetics has recorded a 4.4X growth in operating revenue over the last three fiscal years, growing from nearlyRs 100 crorein FY23 to Rs 440 crore in FY26, according to an internal document reviewed byEntrackr. Renee’s revenue from operations grew 37% year-on-year to Rs 440 crore in FY26 from Rs 321 crore in FY25, as per the document. The growth was led by expansion across offline retail and quick commerce channels, along with new launches in color cosmetics and skincare categories. According to an internal document, the company reported an EBITDA loss of Rs 36 crore in FY26, compared with Rs 66 crore in the previous fiscal. Its net loss before tax also narrowed by 45% to Rs 36.4 crore from Rs 66.1 crore in FY25. The company reported a gross margin of 75% in FY26, which is largely in line with the previous year. On the cost front, employee benefit expenses remained flat at Rs 44.8 crore, while sales and promotion expenses rose 38% to Rs 220 crore in FY26 from Rs 159 crore in FY25. Renee’s PBT margin also improved significantly to -8% in FY26 from -21% in the previous fiscal. The documents indicate that the company continued to spend aggressively on marketing and customer acquisition even as it focused on improving operational efficiency. Sales and promotion expenses accounted for nearly half of Renee’s total revenue during the year. Founded by Ashutosh Valani, Priyank Shah, and Aashka Goradia, Renee offers a range of beauty and personal care products including eye makeup, lip colors, skin serums, and highlighters. The company has raised more than$46 millionto date from investors such as Evolvence India, Edelweiss Group, Equanimity, and 100 Unicorns. Renee competes with brands including Sugar Cosmetics, MyGlamm, Mamaearth, and Pilgrim in India’s fast-growing beauty and personal care market. According to the documents, the company has been expanding its offline presence, strengthening distribution across Tier II and Tier III cities, and focusing on expansion into strategic product categories. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
