The BarberShop with Shantanu

72% Repeat Rate but Only ₹23Cr Revenue: What’s Stopping Little Rituals From ₹100Cr?

Mar 26, 2026
Arjun Purkayastha, a senior consumer executive with scaling and distribution expertise, and Gaurang Marvania, founder of Little Rituals and trained cosmetic formulator, discuss premium baby-care growth. They talk about product safety and formulation choices. They cover channel strategy, founder-led content, sampling and reinvestment. They debate SKU focus, quick-commerce and when to raise funding.
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ANECDOTE

From Home Lab To First ₹7 Crore Run Rate

  • Gaurang started Little Rituals from a home lab in Switzerland after making a body-lotion recipe while parenting a two-year-old.
  • He invested ₹50 lakh, launched three massage oils, then added three products with another ₹50 lakh to reach ~₹7 Cr ARR.
INSIGHT

Current Channel Mix And Priority

  • Little Rituals' current revenue split is roughly 50% D2C, ~25% Amazon, and ~20% FirstCry with emerging quick commerce tests.
  • D2C remains central while marketplaces and quick commerce are secondary expansion channels.
INSIGHT

Safety First Formulation Drives Higher COGS

  • Little Rituals prioritises ingredient safety and avoids 'gray zone' ingredients, choosing photostable filters like Tinosorb S and zinc oxide for sunscreen.
  • This makes formulation costs high (c. ₹400 COGS for the sunscreen) but yields a verifiable safety claim.
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