Sugar Cosmetics is a leading beauty and cosmetics brand, founded in 2015 by Vineeta Singh and Kaushik Mukherjee. The brand has quickly become one of the most popular and sought-after beauty brands in India. With its wide range of products, from lipsticks to eyeshadows, Sugar Cosmetics has become a go-to brand for many beauty enthusiasts. In this article, we will look at the company’s net worth and overview.
Sugar Cosmetics: Overview
Sugar Cosmetics is a rapidly growing beauty brand that has been on the rise since its inception. The company was founded by Vineeta Singh and Kaushik Mukherjee in 2015, with the vision of providing high quality and affordable cosmetics. The brand has gained immense popularity due to its wide range of products, ranging from lipsticks to eyeshadows. The brand is also known for its cruelty-free and vegan-friendly products, making it a favorite among animal-lovers.
Sugar Cosmetics: Net Worth
Sugar Cosmetics is one of the most successful beauty brands in India, with a reported net worth of over $100 million. The company has seen a steady rise in its net worth, as it has expanded its product range and opened stores in multiple cities across India. The company has also seen a surge in demand for its products in recent years, with its products becoming increasingly popular among beauty lovers. The brand has also been praised for its commitment to sustainability and its use of natural ingredients in its products.
Sugar Cosmetics has quickly become one of the most popular beauty brands in India, with its net worth estimated to be over $100 million. The company has seen a steady rise in its net worth due to the increasing demand for its products and its commitment to sustainability. With its wide range of products and its cruelty-free and vegan-friendly products, Sugar Cosmetics is sure to remain a go-to brand for many beauty enthusiasts in the years to come.
Sugar Cosmetics, a leading cosmetics brand in India, recently released its financial statement for 2020-21. The statement revealed that the company has a net worth of ₹457 crore.
The company registered its highest net worth in the last financial year. This comes on the back of a successful year of sales, product launches, and expansion into new markets.
In 2020-21, Sugar Cosmetics was able to expand its retail presence across India and the Middle East. With outlets in 8 countries and plans to open up in more, the company has increased its portfolio of products. It now offers a range that includes makeup, skincare, and body care products.
Apart from its physical stores, it also has an extensive e-commerce presence and is currently one of the top-grossing beauty brands in India. According to the financial statement, Sugar Cosmetics’ sales grew by 33% in 2020-21.
Speaking about the rise in net worth, the company said this was achieved on the back of product launches and the growing demand for its products. Commenting on the success, the managing director said, “We are thrilled to be able to report such stellar results in 2020-21. We are extremely proud of the growth we have achieved in the last year and look forward to continued success as we continue to expand our presence across India and the rest of the world.”
Sugar Cosmetics has long been recognised as one of India’s most innovative cosmetics brands and its success in 2020-21 is sure to further strengthen its reputation. With plans to continue its expansion plans, it will be interesting to see how the company continues to develop and grow its presence.