Nykaa, the renowned omnichannel retailer in the beauty and personal care (BPC) sector, has set forth ambitious plans to expand its fashion, beauty, and consumer businesses over the next three years. During the company’s annual investor day, Founder and CEO Falguni Nayar outlined the strategic vision aimed at enhancing market presence both domestically and internationally.
Nayar highlighted that Nykaa’s BPC business achieved a remarkable revenue growth of 24% year-on-year, amounting to Rs 1,389 crore in the March quarter alone. The segment’s gross merchandise value (GMV) also surged by 30% year-on-year to Rs 2,120 crore during the same period. Emphasizing the potential of the BPC market, projected to reach $90 billion in the next 15 years, Nayar expressed confidence in sustaining Nykaa’s robust growth trajectory.
In addition to bolstering its core beauty offerings, Nykaa aims to catapult its fashion division to achieve a growth rate of 2.5-3 times over the next three years, with a strategic goal of achieving Ebitda positivity in the near future. Nayar attributed this optimism to recent investments in fashion and eB2B ventures, which have significantly improved profitability and are expected to continue expanding margins over the coming years.
The expansion plans also include deeper penetration into international markets, underscoring Nykaa’s commitment to becoming a global leader in beauty and fashion retail. Nayar’s strategic insights and Nykaa’s proactive investment approach underscore a commitment to sustained growth amidst evolving consumer preferences and competitive dynamics.
As Nykaa navigates its ambitious growth agenda, stakeholders anticipate how these strategic initiatives will further solidify its position as a trailblazer in the beauty and fashion industry, both in India and beyond.
