“This is a multi-year journey and we are confident that we will continue to grow both our beauty and fashion businesses manifold over the next five years. And similarly, House of Brands will continue to grow manifold, where we are almost a consumer. Will be like a company that has multiple brands.” Falguni Nayar, Cofounder and CEO, Nykaa.
According to Nair, the company is betting big on this as well. b2b Business. “We are also setting up our own e-B2B (Business to Business) company called Super Store. We started trading on it only a few months back and it is showing good business.”
the company saw
share price zoom almost 100% intra-day Inorganic growth opportunities will be explored when listed. “We have already done some acquisitions like Dot & Key…. Earlier we acquired Twenty Dresses and Pippa Bella on the jewelery side. So, we are always open and looking for opportunities, but we are a multi-brand retailer. We also take our role as a brand very seriously. We will really focus on that and are building some brands that will be significant,” said Advait Nair, CEO, Nykaa Fashion.
Fashion is another segment that Nykaa wants to pursue. “It’s a bet we took two and a half years ago and the growth in the last year itself has been incredible, but I think we’ll see a massive uptick in the coming year and year. We see that fashion is really going to make a difference to Nykaa’s overall This is already becoming a very large part of the business. It is already 25% of the consolidated GMV and we see this percentage increasing further over the next few years,” she said.
The beauty business, the largest contributor to revenue, is also seeing a healthy growth traction. “Beauty consumption in India is yet to pick up. If you compare beauty consumption in India versus China, versus South Korea or versus Europe, there is a huge delta today. We have come a long way when compared to when we first got into this business, where women used to buy a simple kajal and at most one Ponds cream. But today, the routine has become more sophisticated and complex,” said Anchit Nair, CEO, beauty e-commerce, Nykaa.
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