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The receipt · discount theater

We asked whether the MRP was a costume. Three weeks of logging answered it.

On 11 July we photographed the same −20% across Dot & Key's store and said one day of data couldn't call it. Here is what the log has recorded since:

Dot & Key10–14 Jul15 Jul onwardsWhat moved
10% Vitamin C + E serum₹556 (MRP ₹695)₹695MRP disappeared
Watermelon SPF 50+ sunscreen₹476 (MRP ₹595)₹595MRP disappeared
  • Both products changed on the same day, and in both cases the MRP stopped being shown rather than the price rising against it. That is a storewide promotion ending, not two independent price decisions.
  • The reverse also shows up. Minimalist's Light Fluid SPF 50 showed no MRP until 18 July, then displayed ₹349 against a ₹315 price. The price has kept moving since and sits at ₹332 today. The ₹349 never budged. The reference number is the stable part, not the price.
  • So the MRP here behaves like a switch the store turns on for a sale, not a standing price the discount is measured from.

One store, 48 logged days from 10 July; our logger missed five days along the way. This is what the data shows so far, not a verdict on the brand or on Indian D2C pricing generally. The interesting test is the late-September sales, and we are still logging.

● Prices as at 2026-09-04 · sources: Dot & Key serum · Dot & Key sunscreen · Minimalist Light Fluid