Visage Lines Personal Care Pvt. Ltd., the parent company of Bombay Shaving Company, reported a strong financial performance in FY26, with operating revenue growing 2.4X year-on-year to ₹635 crore, reflecting continued momentum across its D2C personal care portfolio and progress toward profitability.
According to the company’s consolidated financial statements, revenue from operations increased 139% from ₹266 crore in FY25 to ₹635 crore in FY26. Including interest income, total revenue reached ₹641 crore during the fiscal year.
Visage Lines operates three businesses: Bombay Shaving Company, its flagship men’s grooming brand; Bombae, focused on women’s personal care; and 100Days, which provides digital commerce and e-commerce growth solutions for consumer brands.
Sales of personal care products through Bombay Shaving Company and Bombae remained the primary growth driver, contributing ₹581 crore, or more than 91% of operating revenue, compared to ₹241 crore in the previous financial year. Revenue from services also doubled to ₹48 crore, highlighting growth in the company’s digital commerce business.
Alongside revenue growth, the company recorded its first-ever positive adjusted EBITDA of ₹2 crore, excluding ESOP costs. Net losses narrowed significantly by 85%, declining to ₹9 crore in FY26 from ₹58 crore a year earlier, indicating improving operating efficiency as the business scales.
To support its rapid expansion, Bombay Shaving Company continued investing in brand building. Advertising and promotional expenses increased 55% to ₹158 crore, accounting for nearly 24% of total expenditure during the year. Meanwhile, the cost of materials consumed rose to ₹370 crore, reflecting higher product sales, while employee benefit expenses increased modestly to ₹47 crore, including ₹7 crore in non-cash ESOP expenses.
Overall expenditure reached ₹650 crore as the company continued investing in manufacturing, logistics, technology, legal, and operational capabilities to support growth.
As of March 2026, the company reported ₹313 crore in current assets, including ₹96 crore in cash and bank balances, providing a strong liquidity position to support future expansion.
Bombay Shaving Company last raised ₹136 crore in November 2025 through a mix of primary and secondary transactions led by Sixth Sense Ventures, with participation from founder and CEO Shantanu Deshpande, Patni Family Office, GII, HNIs, and former Indian cricketer Rahul Dravid. The funding came as the company prepared for its potential initial public offering.
With strong revenue growth, improving profitability, and continued investment in brand building, Bombay Shaving Company is strengthening its position in India’s fast-growing D2C personal care market.
Source: Based on publicly available reporting, with additional editorial adaptation and analysis.
