Sublime Life turns profitable in FY24, revenue plunges by 54% Sublime Life, a D2C beauty brand founded in 2019 by Deep Lalvani, saw revenue fall by 54% from Rs 6.7 crore in FY23 to Rs 3.02 crore in FY24. The company offers cruelty-free skincare, hair care, and wellness products, including both international and local brands. Competing with brands like Mamaearth and Plum, Sublime Life is backed by investors such as Ador Multiproducts, which holds over 50% of its shares. Despite the revenue drop, the company turned profitable, recording Rs 1.17 crore in profit compared to a loss of Rs 5 crore the previous year. Total expenses also decreased, largely due to reduced material and employee costs, while EBITDA margin and ROCE showed improved but still negative figures. #SublimeLife #BeautyBrand #PersonalCare #D2CBeauty #FinancialReport #BeautyIndustry #BeautyInvestments #IndianStartups #FinancialPerformance #GurugramStartups #WellnessProducts #TheKredible #News https://thekredible.com/blogs/sublime-life-turns-profitable-in-fy24-revenue-plunges-by-54