Colorbar Cosmetics eyes Rs 500 cr turnover by next fiscal

Home-grown brand Colorbar Cosmetics is looking to double its turnover to Rs 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 Rs 150 crore in the next five years to open new standalone stores and re-brand and repackage its products for global markets.

"We are looking at achieving Rs 500 crore turnover by end of next fiscal. We are growing faster than the market, at over 50 per cent year-on-year. We offer international formulations at affordable prices. Our aim is to make Colorbar a global brand by 2018-19," Colorbar Cosmetics Founder and Managing Director Samir Modi told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)