Sugar Cosmetics FY26 results: net loss narrows 41% to Rs 79.3 crore

Sugar Brands, the parent of beauty and personal care brand Sugar Cosmetics, reported revenue from operations of Rs 361 crore in FY26, down 10.7% from Rs 404.4 crore in FY25, according to its consolidated financial statements reviewed by Entrackr. Including other income of Rs 2.85 crore, total income stood at Rs 364 crore, against Rs 411.7 crore a year earlier.

Net loss narrowed 41% to Rs 79.3 crore from Rs 134.3 crore in FY25. Total expenses fell 18.9% to Rs 443 crore from Rs 546.5 crore.

Advertising and sales promotion remained the largest expense item, though it was cut 28.9% to Rs 119.4 crore from Rs 168 crore. EBITDA margin improved to -20.02% in FY26 from -30.56% in the previous fiscal. The company ended the year with cash and bank balances of Rs 10.30 crore, compared with Rs 23 crore a year earlier.

Expenses fell at a faster pace than revenue, which helped narrow the loss. The company spent Rs 1.23 for every rupee of operating revenue in FY26, compared with Rs 1.35 in FY25.

The company recently raised fresh capital at a valuation reportedly around 80% below its peak. Rival Renee Cosmetics recorded 37% growth in operating revenue to Rs 440 crore in FY26 and cut its losses by 45%.