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Homegrown beauty brand Colorbar Cosmetics is preparing to go public in early 2027, founder and managing director Samir Modi confirmed, as the company rides a wave of strong revenue growth and business expansion.
The IPO plan comes as Colorbar, part of the $1.5 billion Modi Enterprises group, continues to scale up its design, packaging innovation, and retail footprint. Speaking to Reuters, Modi said the listing will help fund expansion into skincare and fragrances, while also enabling strategic acquisitions in both domestic and international markets.
Having reached breakeven last year, Colorbar is currently valued between ₹25 billion and ₹35 billion. The company aims to double its revenue to over ₹10 billion in the financial year starting April 2025, driven by new product launches, store revamps, and premium packaging updates.
Modi first hinted at IPO ambitions back in 2022, citing a three-year roadmap. With rivals like Nykaa and Honasa navigating market volatility, Colorbar appears to be taking a more measured route to the public market.
The proceeds from the listing will be channeled into expanding the brand’s portfolio and exploring acquisition opportunities, signaling a bold new chapter for one of India’s fastest-growing cosmetic companies.
(Source: Reuters)
