Beauty and personal care brand Renee Cosmetics reported a 37% year-on-year increase in operating revenue to Rs 440 crore in FY26, while significantly reducing its losses, according to an internal document reviewed by Entrackr.
The company’s revenue from operations rose from Rs 321 crore in FY25 to Rs 440 crore in FY26, driven by growth across offline retail and quick commerce channels as well as the launch of new products in the color cosmetics and skincare segments. Over the past three fiscal years, Renee has expanded its revenue base by 4.4 times, growing from nearly Rs 100 crore in FY23.
Profitability improves as losses decline
Renee reported an EBITDA loss of Rs 36 crore in FY26, down from Rs 66 crore in the previous fiscal. Its net loss before tax declined by 45% to Rs 36.4 crore from Rs 66.1 crore in FY25. Consequently, the company’s pre-tax loss margin improved to -8% in FY26 from -21% a year earlier.
The company maintained a gross margin of 75%, largely unchanged from FY25. Employee benefit expenses remained flat at Rs 44.8 crore during the year. However, sales and promotion expenses rose 38% to Rs 220 crore from Rs 159 crore in FY25, reflecting continued investments in marketing and customer acquisition. These expenses accounted for nearly half of the company’s revenue in FY26.
Expansion across channels fuels growth
Founded by Ashutosh Valani, Priyank Shah, and Aashka Goradia, Renee offers a range of beauty and personal care products, including eye makeup, lip colours, skincare serums, and highlighters. The company has raised more than $46 million from investors such as Evolvence India, Edelweiss Group, Equanimity, and 100 Unicorns.
Renee operates in a highly competitive beauty and personal care market alongside brands including Sugar Cosmetics, MyGlamm, Mamaearth, and Pilgrim. According to the documents, the company continued to expand its offline presence during FY26, strengthened distribution in Tier II and Tier III cities, and focused on growing its footprint across strategic product categories.
