The company statement indicates that this achievement underscores Honasa Consumers’ capabilities to craft and scale new brands with strategic innovations, delivering exceptional skincare solutions to consumers across India.
The Derma Co., an active ingredient-backed skincare brand from Honasa Consumer Limited, has achieved an annual revenue rate of Rs 500 crore. The company statement indicates that this achievement underscores Honasa Consumers’ capabilities to craft and scale new brands with strategic innovations, delivering exceptional skincare solutions to consumers across India.
As per a company statement, Honasa Consumer has demonstrated the strength of its on-trend, data-based innovation strategy, taking The Derma Co. to achieve this milestone.
Designed by dermatologists, The Derma Co. is an ingredient-based skincare product for the Indian market. Crafted using potent ingredients in safe formulations, the brand portfolio addresses a wide array of skin concerns, including acne, pigmentation, skin dullness, and sun care, among others. Accessible through digital platforms, retail outlets, prominent e-commerce platforms, and select modern trade partner outlets, The Derma Co. ensures its science-backed offerings are within the reach of its consumers.
Varun Alagh, Co-Founder, Chairman, and Chief Executive Officer of Honasa Consumer Limited, said, “Our success is an output of in-depth consumer study of evolving consumer demands and being able to innovate swiftly to deliver differentiated propositions to our consumers. This focus on excellence has helped us set new benchmarks across the active ingredient-based skincare segment.”
The Derma Co. is focused on its purpose of imparting science education through ‘The Young Scientist’ initiative by engaging with children in rural and remote corners of India, according to a company statement. In September last year, the company said that it raised Rs 30 crore in 41 months since its inception. It crossed Rs 350 crore, the annual run rate, in the April-June quarter.