Colorbar Cosmetics Planning to Come With its IPO in Early 2027

Mumbai, 19 May 2025 — Indian beauty brand Colorbar Cosmetics is preparing to go public in early 2027, following a significant rise in revenue and a broader retail expansion. The company’s founder and Managing Director, Samir Modi, confirmed the plans in a recent conversation with Reuters.

Over the past financial year, Colorbar has doubled its revenue by enhancing product design, launching new offerings, and expanding its presence through more physical stores. The company now expects its revenue to exceed ₹10 billion (approximately $117 million) in the financial year beginning April 1.

Colorbar’s growth comes at a time when premium brands in India have remained resilient despite a broader slowdown in consumer spending. Rising living costs have affected many sectors, but affluent buyers continue to invest in beauty and lifestyle products.

“We’ve upgraded our packaging, improved our store layouts, and introduced new products to connect better with our consumers,” Modi shared. These developments, he said, are part of a strategic plan that includes a public listing by 2027.

Valued between ₹25 billion and ₹35 billion, Colorbar intends to use IPO proceeds to strengthen its skincare and fragrance categories. The company is also exploring the possibility of acquiring both domestic and international brands.

Despite its impressive growth, Colorbar operates in a highly competitive market. Local brands such as Sugar Cosmetics and MyGlamm, along with global players like Bobbi Brown and MAC, continue to vie for market share. Meanwhile, publicly listed beauty companies like Nykaa and Honasa Consumer have faced pressure post-IPO due to concerns over profit margins and increased competition.

Founded nearly two decades ago, Colorbar offers a wide range of beauty and personal care products, including lipsticks, foundations, serums, and moisturisers. The brand currently operates over 100 exclusive outlets and has a presence in more than 1,200 multi-brand retail stores across India, such as Shoppers Stop and Lifestyle.

Looking ahead, Colorbar plans to open 15 to 20 additional stores in the current financial year. The company is also setting its sights on international markets. Modi noted that while most of Colorbar’s revenue currently comes from India, up to 25% of future revenue is expected to come from exports. Expansion efforts are already underway in key regions such as the United States and the Middle East.

As the beauty and skincare industry continues to evolve, Colorbar’s ambitious plans suggest a brand positioning itself for long-term success, both in India and abroad.

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