Good Glamm Group to focus on profitability, tap new revenue streams ahead of IPO

Beauty, media, and lifestyle business Good Glamm Group is gearing up to launch its initial public offering and is focusing on becoming profitable. The business aims to maintain its triple digit growth rate by streamlining operations and pursuing new revenue streams. 

“Today, profitability has become a key drive for all of us,” Good Glamm Group’s co-founder Priyanka Gill told the Press Trust of India. “And the way that all of us are doing it, is through looking at the revenue coming in, trying to increase that as much as possible… new revenue streams, launches we can do, consumer bases we can tap, and looking at the costs and the bottomline and trying to really optimise and find new efficiencies.”
 
Good Glamm Group has maintained a compound annual growth rate of approximately 250% year-on-year over the past few years. The business retails with an omni-channel strategy and currently counts around 70% of its sales from online shoppers. 

The business plans to launch its IPO in around two years’ time. “The precursor to that is being a profitable company,” said Gill. “So that’s literally where all the energies of ours as a group are directed.” 
 
Priyanka Gill, Darpan Sanghvi, and Naiyya Saggi launched Good Glamm Group as a beauty and personal care brand aggregator and content to commerce business. Brands under the business’ ‘Good Brands Co’ umbrella include The Moms Co, Organic Harvest, and MyGlamm among others.