Visage Lines Personal Care, the parent company behind Bombay Shaving Company, Bombae, and 100Days, has posted its strongest year yet, and its first profitable one on an adjusted basis.
The company reported revenue of Rs 634.7 crore for FY26, more than double the Rs 265.6 crore it recorded in FY25, a jump of 139%, according to filings with the Registrar of Companies. Adjusted EBITDA came in at Rs 2.2 crore for the year, a sharp turnaround from an adjusted EBITDA loss of Rs 38.3 crore in FY25, and the first time the company has posted a positive figure on this metric. Loss before tax also narrowed by roughly 85%, which the company attributed to structural changes in how the business now operates.
The company credits the improvement to a mix of continued product innovation, a digital-first approach to growth, tighter operational efficiency, and consumer-led brand building. Bombay Shaving Company expanded its footprint across direct-to-consumer channels, online marketplaces, and offline retail through the year, while working to tighten operating costs. Within its portfolio, the men’s grooming brand added new launches across trimmers, shaving products, fragrances, and personal care, while Bombae, the company’s women’s brand, pushed into hair styling, which the company is now positioning as a key growth driver going forward.
Looking ahead, the company has set a target of closing FY27 as a Rs 1,000 crore business, while aiming for high single-digit adjusted EBITDA margins, a marker that would put sustained profitability, not just top-line growth, firmly in view.
The results come alongside a leadership change: Ashu Dhingra joined as Chief Financial Officer in November 2025, bringing over 19 years of experience across finance, strategy, and business transformation, with prior leadership roles at Eternal, OLX, Walmart, Marico, and ITC. In his current role, Dhingra oversees the company’s finance function, with a focus on governance, capital allocation, financial planning, and building more scalable operating processes.
Founder Shantanu Deshpande, a former McKinsey consultant, framed the year’s progress in terms broader than the balance sheet: the goal, he said, is to build brands that earn consumer love while the company scales, with Bombay Shaving Company and Bombae aiming to become what he called India’s most “culture coded” hair and grooming brands, shaping everyday rituals and modern Indian identity.
The company had raised Rs 136 crore in November 2025 through a mix of primary and secondary funding, with Deshpande signaling at the time that an IPO was on the horizon. The FY26 numbers, real revenue growth paired with a first taste of profitability, give that ambition a stronger footing than it had a year ago.
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