Renee Cosmetics hits Rs 440 Cr in FY26, trims losses 45% as Tier II/III bet pays off

D2C beauty brand Renee grew revenue 37% YoY to Rs 440 Cr in FY26, with net loss narrowing to Rs 36.4 Cr. Offline retail, quick commerce and Tier II/III expansion drove gains, though promo spend still consumed nearly half of revenue against a 75% gross margin.

— Source publishedFri, 29 May, 2026, 12:39 IST·First seen Fri, 29 May, 2026, 12:49 IST·Source Entrackr

What happened

Renee Cosmetics grew FY26 revenue 37% YoY to Rs 440 Cr, narrowing net loss 45% to Rs 36.4 Cr. Growth driven by offline retail, quick commerce, and Tier II/III

Key facts

  • Rs 440 Cr revenue FY26
  • 37% YoY growth
  • Rs 321 Cr FY25 revenue
  • EBITDA loss Rs 36 Cr
  • net loss cut 45%
  • 75% gross margin
  • Rs 220 Cr sales/promotion
  • $46M raised

Why this matters

Renee's offline plus quick commerce flywheel in Tier II/III markets makes it an attractive tuck-in for a larger beauty house seeking distribution depth beyond metro D2C.

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