MILESTONE TURNOVER NATIONAL
NEW DELHI, INDIA
By IFAB MEDIA - NEWS BUREAU - April 22, 2024 | 150 2 minutes read
Honasa Consumer Ltd., the parent company of popular brands like Mamaearth, is celebrating a significant milestone as its subsidiary, The Derma Co., surpasses the impressive annual revenue mark of 500 crore.
The Derma Co., known for its focus on skincare solutions driven by active ingredients, has garnered remarkable success in the Indian market. With top 3 bestseller status on major e-commerce platforms and over 1 crore units sold in the previous fiscal year, the brand has established itself as a frontrunner in the skincare industry.
This achievement is not limited to the domestic market alone. In just two years, The Derma Co. has expanded its footprint into international territories, including the UAE, Nepal, Singapore, and Australia. The brand's foray into these markets has been met with enthusiastic reception, reflecting its commitment to delivering effective skincare solutions globally.
Tarun Aggarwal, Head of International Business at Mamaearth for GCC/South East Asia/SAARC/Africa, shared the exciting news on his LinkedIn page, emphasizing the company's dedication to growth and innovation.
Founded in 2020 by Varun Alagh and Ghazal Alagh, The Derma Co. aims to redefine the skincare landscape by offering professional solutions that cater to millennials' needs. Inspired by Ghazal's personal journey with skincare, the brand prioritizes transparency and efficacy, disclosing the exact percentage of active ingredients in its products.
With this milestone, The Derma Co. reaffirms its position as a leader in the skincare industry and looks forward to further expansion opportunities. As the brand continues its journey of empowering individuals to achieve healthy, glowing skin, it invites distribution and retail partners worldwide to join in its mission.