SUGAR may go for IPO in 2 years, will turn profitable in FY24: CEO

SUGAR Cosmetics CEO Vineeta Singh said the company expects to turn profitable in FY24 and plans to go for an IPO in next couple of years. She stated that IPO needs the perfect timing so that SUGAR can potentially become the largest brand in the category and yet remain "fastest growing profitably". Market now values profitability a lot, she added.