Companies

Colorbar Cosmetics to double turnover

PTI New Delhi | Updated on January 13, 2018 Published on February 19, 2017

Home-grown brand Colorbar Cosmetics is looking to double its turnover to ₹500 crore by next fiscal, helped by new products and increased distribution network.

The company, which is aiming to become a global brand by 2018-19, plans to invest ₹150 crore in the next five years to open new standalone stores and re-brand and repackage its products for global markets.

Founder and Managing Director Samir Modi said the company is looking at focusing on the global markets with presence in Middle East, CIS markets, Africa and ASEAN region.

At a later stage the company will look at entering Europe and the US.

Published on February 19, 2017
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