The Derma Co, a skincare brand from Mamaearth’s parent company Honasa Consumer, said it has achieved an annual revenue rate (ARR) of Rs 500 crore. The ARR of Rs 500 crore is an increase from Rs 350 crore that the company had touched in September 2023.
The company, which makes products across categories such as face serums, hydrating sunscreens, sunscreen sticks, and acne patches, and customises them for Indian skin and weather, sold over 1 crore units in the last fiscal year, The Derma Co said in a press release on April 22.
“The Derma Co.'s remarkable achievement of Rs 500 crore annual run rate is a strong testament to our strategic brand-building approach at Honasa Consumer Limited. At Honasa, we are committed to continue our quest towards fueling our innovations and offer brands that serve the evolving consumer demands,” Varun Alagh, co-founder and CEO of Honasa Consumer Limited, said.
Owing to the brand’s product portfolio, The Derma Co has consistently been featured among the top 3 bestsellers ranks across leading e-commerce platforms, the company said in a release. The company, however, may end up spending more on platforms like Amazon after seller policies were tweaked.
During an earnings call in February, the company had said four out of six brands from Honasa’s portfolios are in the Rs 150 crore ARR club, underscoring growth in its younger brands.
While Colorcare reported sales of over 10 lakh units in the said quarter, The Derma Co achieved EBITDA positive status year-to-date. Meanwhile, Aqualogica, Dr. Sheth’s, and BBlunt saw significant successes in their respective categories, the company concluded.
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