Bombay Shaving Company has reported its best financial performance so far, with a huge jump in revenue and a sharp fall in losses during the financial year 2025-26. The company, operated by Visage Lines Personal Care Pvt. Ltd., recorded a 139% increase in operating revenue, showing strong demand for its products and steady growth across both online and offline channels.
The latest financial results also show that the personal care brand is getting closer to becoming profitable as it prepares for a possible Initial Public Offering (IPO) in the coming years. Along with higher sales, the company has expanded its product range, improved its operations, and strengthened its leadership team for future growth.
Strong Revenue Growth Backed by Personal Care Business
In FY26, Bombay Shaving Company reported operating revenue of ₹634.7 crore, up from ₹265.6 crore in FY25. Including around ₹6 crore earned through interest income, the company’s total revenue reached nearly ₹641 crore.
Most of the revenue came from its two main brands—Bombay Shaving Company for men’s grooming and Bombae for women’s personal care. Together, these brands generated over ₹581 crore, which made up more than 91% of the company’s operating revenue.
The company’s B2B digital commerce agency, 100Days.co, also performed well by doubling its revenue to ₹48 crore during the year.
As the business grew, expenses also increased. Total expenses rose 97.4% to ₹649.6 crore. The biggest cost was raw materials, as the company manufactured and sold more products than before. Spending on advertising and marketing also increased as Bombay Shaving Company continued to invest in brand building, customer acquisition, and new product launches.
Employee benefit expenses went up slightly to ₹47.3 crore due to business expansion and hiring.
Even with higher expenses, the company made major progress in improving its financial health. Its consolidated net loss dropped from ₹58.2 crore in FY25 to just ₹9 crore in FY26. This was a significant improvement and shows that the company is moving closer to profitability.
Another major achievement was recording a positive adjusted EBITDA of ₹2.2 crore for the first time after excluding non-cash ESOP expenses worth ₹7 crore. This indicates that the company’s core business operations are becoming stronger.
As of March 2026, Bombay Shaving Company had current assets worth ₹313 crore, including ₹96 crore in cash and bank balances, giving it a strong financial position for future expansion.
Company Targets IPO and ₹1,000 Crore Revenue
Bombay Shaving Company is now preparing for its planned IPO, which it hopes to launch within the next 18 to 24 months, with a target of going public in 2027.
To support its expansion plans, the company raised ₹136 crore in November 2025 through a mix of primary and secondary investments. The funding round was led by Sixth Sense Ventures and also saw participation from founder and CEO Shantanu Deshpande, the Patni Family Office, GII, several high-net-worth individuals, and former Indian cricketer Rahul Dravid.
So far, the company has raised around $65.1 million and is currently valued at nearly ₹947 crore.
Before filing its IPO papers, Bombay Shaving Company wants to achieve an EBITDA of ₹150 crore. For FY27, the company has set an ambitious target of reaching ₹1,000 crore in total revenue while maintaining a high single-digit adjusted EBITDA margin.
The company also plans to grow its customer base to 100 million people over the next three years. At the same time, it wants to expand its retail network from around 65,000 stores to between 3 lakh and 5 lakh stores across India.
To strengthen its financial leadership before the IPO, the company appointed Ashu Dhingra as Chief Financial Officer (CFO) in November 2025. He brings over 19 years of experience in finance and strategy from companies such as Eternal, OLX, Walmart, Marico, and ITC.
Digital Business and Make in India Plans Drive Future Growth
Bombay Shaving Company continues to be a digital-first brand. Around 80% to 90% of its revenue comes from online sales through its own website, quick commerce platforms, and e-commerce marketplaces.
Quick commerce has become an important part of the company’s growth strategy, especially in Tier-2 cities. Different platforms help the company reach different groups of customers, improve repeat purchases, and increase product visibility.
Technology has also supported the company’s growth. After moving to Shopify in 2021, Bombay Shaving Company reported major improvements in its online business. The company said the shift helped increase online revenue, improve conversion rates, and manage more than 50,000 orders during major sales events without technical issues.
The company’s product portfolio has now grown to more than 300 SKUs. Trimmers have become its fastest-growing category, contributing nearly 45% of the business. Meanwhile, Bombae has become one of the company’s biggest growth drivers, contributing around 40% to 45% of overall business growth while expanding into categories such as hair styling.
Bombay Shaving Company is also focusing on local manufacturing under its Make in India strategy. It recently launched the Eco Sensi 3 razor, which is made entirely in India using eco-friendly materials such as coconut shells, bamboo, and agricultural stubble.
The company currently manufactures between two lakh and four lakh trimmers every month at its Greater Noida facility. It also plans to invest another ₹10–20 crore in a new manufacturing unit, with the goal of producing around 80% of its electronic products in India over the next two to three years.