WishCare’s top line crossed Rs 19 Cr in FY23, profits rise
Kolkata-based beauty and wellness brand WishCare saw a remarkable 21X revenue growth in FY23, reaching Rs 19 crore, up from Rs 88 lakhs in... View MoreWishCare’s top line crossed Rs 19 Cr in FY23, profits rise
Kolkata-based beauty and wellness brand WishCare saw a remarkable 21X revenue growth in FY23, reaching Rs 19 crore, up from Rs 88 lakhs in FY22. Despite this, expenses surged to Rs 14.7 crore, primarily due to material costs, advertising, and employee benefits. Founded by Ankit and Stuti Kothari, WishCare offers natural, toxin-free skincare products. The company raised Rs 20 crore in its first funding round led by Unilever Ventures, making co-founder Ankit Kothari the majority shareholder. Despite rising expenses, WishCare's profits jumped 9X to Rs 3.11 crore in FY23. The company's current EBITDA and ROCE are 23.29% and 122.55%, respectively.
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https://thekredible.com/blogs/wishcares-top-line-crossed-rs-19-cr-in-fy23-profits-rise
WishCare’s top line crossed Rs 19 Cr in FY23, profits rise
Kolkata-based beauty and wellness firm WishCare recorded a whopping 21X rise in its FY23 revenue to Rs 19 crore.
Juicy Chemistry’s scale dwindles 21% in FY23, losses rise 11%
Juicy Chemistry, a skin and personal care brand, saw a 21% revenue drop to Rs 19.7 crore in FY23, with operating revenue falling 24% to... View MoreJuicy Chemistry’s scale dwindles 21% in FY23, losses rise 11%
Juicy Chemistry, a skin and personal care brand, saw a 21% revenue drop to Rs 19.7 crore in FY23, with operating revenue falling 24% to Rs 18 crore. Despite reduced expenses (down 14% to Rs 28 crore), losses rose 11% to Rs 8.2 crore. Key costs included advertising (33%), materials (25%), and employee benefits (10%). Founded by Megha Desai Asher, the brand competes with Sugar Cosmetics, Mamaearth, and Plum. Major stakeholders include its Promoters, Amit Nanavati, Verlinvest, and Purplle.
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https://thekredible.com/blogs/juicy-chemistrys-scale-dwindles-21-in-fy23-losses-rise-11
Juicy Chemistry’s scale dwindles 21% in FY23, losses rise 11%
Skin and personal care brand Juicy Chemistry witnessed its revenue dwindling 21% to Rs 19.7 crore in the fiscal year ending March 2023.
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