The net profit of D2C skincare brand Minimalist more than doubled in the fiscal year that concluded on March 31, 2024. Due to a significant increase in its top line, the startup’s profit shot up 110% to INR 10.9 Cr in FY24 from INR 5.2 Cr in FY23.
The skincare company, which was founded in 2020 by Mohit and Rahul Yadav, sells its goods both on its own website and on e-commerce platforms like Amazon, Nykaa, Flipkart, and Myntra. Sales of its body care, haircare, and skincare items bring in money for the company.
According to the Ministry of Corporate Affairs report made by Uprising Science Pvt Ltd, the company that runs Minimalist, its operating revenue increased by 89X to INR 347.4 Cr in the year that
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