Minimalist Revenue Soars 48% to Rs 514.8 Cr in FY25, Net Loss at Rs 31.5 Cr

• HUL-backed D2C skincare brand Minimalist reported a 48% year-on-year rise in operating revenue, reaching Rs 514.8 crore in FY25.
• The company crossed the Rs 500 crore milestone for the first time, up from Rs 347.4 crore in FY24.
• Minimalist recorded a net loss of Rs 31.5 crore in FY25, attributed to one-time exceptional expenses of Rs 46 crore.
• Despite rising expenses, the company achieved a positive EBITDA of Rs 18 crore with a 3.45% margin.
• HUL is set to acquire a 90.5% stake in Minimalist for Rs 2,955 crore, with the transaction expected to close in Q1 FY26.