December 11, 2013 10:00 AM

Celebrity Monitor/ Pacific Coast News

Break out the pink balloons!

Actress Drew Barrymore is expecting her second daughter with husband Will Kopelman in March, her rep confirms to PEOPLE.

Barrymore, 38, revealed she was pregnant with a baby girl while accepting Beauty Inc. Awards’ Newcomer of the Year honor for her cosmetics line, Flower.

“I am so proud to accept this in celebration of women, including my daughter and my future daughter,” she said during the ceremony on Wednesday.

Shortly after announcing there was another baby on the way, Barrymore — already mom to 14-month-old daughter Olive — explained to PEOPLE why she was prepared to go public with her second pregnancy.

“Last time I never commented on it and people just stalked me the entire time,” she said. “So yes, it’s happening, it’s true. I tried to keep it a secret for as long as possible.”

— Anya Leon with reporting by Julie Jordan

Video Flashback: PEOPLE’s Time Machine with Drew Barrymore

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