SUGAR Cosmetics Franchise has opened its first exclusive store in Hyderabad. This is the brand’s second exclusive brand outlet (EBO) in South India, after Bengaluru.
Vineeta Singh, CEO, SUGAR Cosmetics, said, “We have 28 exclusive stores across the country and planning to scale up to 100 by next year including 7-8 stores in Hyderabad.”
The Mumbai-based company is expecting to touch Rs 120 crore in turnover this year against Rs 60 crore in the previous year.
SUGAR Cosmetics has over 800 self-operated kiosks, general trade stores and shop-in-shop in channel partners such as Lifestyle, Shoppers Stop, Health & Glow, Project Eve.
The brand further aims to launch 1000 brick and mortar stores by the end of this year. Besides this, SUGAR Cosmetics has started to captivate the international market with an in-store presence in Russia.
SUGAR is one of the leading makeup brands in India. It has recently ventured into the skincare category with the launch of their Sheet Masks, for an at-home spa experience.
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