Nykaa Start-up

FSN E-Commerce projects Q1 FY26 revenue growth in the mid-20% range, led by strong performance in the beauty vertical, while fashion shows sequential improvement

The rise in Nykaa share price was fuelled by a healthy December quarter (Q3FY25) business update

Nykaa Fashion chief executive officer Nihir Parikh has resigned and has been relieved with immediate effect, a regulatory filing said on Thursday. Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd. "Nihir Parikh has resigned effective December 05, 2024, on account of personal commitments. He has been relieved from the services w.e.f. (with effect from) close of business hours of December 5, 2024," FSN E-commerce Ventures said in the filing. The fashion vertical accounts for less than 10 per cent of the company's revenue. The beauty segment of the company accounts for the majority of the revenue. Nykaa Fashion is still a loss-making vertical. The company has posted a consolidated net profit of Rs 12.97 crore and revenue of Rs 1,874 crore for September 2024 quarter.

Nykaa on Friday announced the appointment of Sukhleen Aneja as Senior Vice President and Business Head for Kay Beauty. Kay Beauty is Nykaa's celebrity beauty brand launched in partnership with Katrina Kaif. Announcing Aneja's appointment, Nykaa, in a release, said her role will focus on propelling growth for Kay Beauty in international markets on the back of a successful launch in India. "Sukhleen will also hold responsibility for Nyveda, a brand based on the science of Ayurveda with a universal appeal in India and abroad, as well as provide strategic directions for a few of the young brands in wellness and personal care," the release added. With over two decades of sales and marketing expertise across Fortune 500 organisations like Unilever, L'Oreal and Reckitt Benckiser, Aneja was most recently the CEO of brands at Good Glamm. Launched in 2019, Kay Beauty is a celebrity makeup brand co-created by Nykaa and Katrina Kaif. "Reaching record sales of over Rs 150 crore annually, Kay

India's beauty and personal care market is expected to grow at a compounded annual growth rate of 10-11 per cent to reach USD 34 billion by 2028, Nykaa Beauty Trends Report said on Wednesday. The report estimates India's beauty and personal care (BPC) market to be around USD 21 billion at present. According to the report, the Indian BPC market is the fastest-growing market across the world growing at a compounded annual growth rate of 10-11 per cent. "India is the fastest growing BPC market globally, expected to reach USD 34 billion by 2028," Nykaa said in a statement. According to the report, e-commerce is poised to be the biggest driver of this growth and the fastest-growing segment, anticipated to achieve a CAGR of around 25 per cent. "Rising aspirations and higher incomes among Indian consumers will propel the market for premium beauty, expected to reach USD 3-3.2 billion by 2028. With 520-560 million users in 2023, the democratisation of beauty expertise via social media is .

Nykaa is also targeting holding BPC margins close to the current levels while fashion is expected to hit breakeven by FY26

Moreover, Nykaa aims to grow its fashion business by 2.5x-3x over the next three years, as it looks to become Ebitda positive in the near future

At 6:53 AM, GIFT Nifty futures were trading down 13 points at 22,644.50 against Nifty futures

Fashion and beauty retailer Nykaa hopes to actively defend its turf amid competition from Indian conglomerates and new players, as it stacks up strongly with a huge lead and advantage of brand play, customer base and business insights, founder and CEO Falguni Nayar has said. Nayar told PTI in an interview that retail is a "very big segment with space for many" and added that the omnichannel beauty and fashion retailer will stay focused with offerings that are far beyond consumers' expectations so that they do not have a reason to move to competition. The comments assume significance in the backdrop of stiff competition unfolding in India's rapidly-growing beauty ecommerce space. Reliance Retail has launched an omni-channel beauty retail platform, Tira, raising the competitive heat in the booming beauty and personal care marketplace that has players like Nykaa, new entrant Tata Cliq Palette, Myntra and others. Nayar said Nykaa has helped the beauty segment grow from a "small niche .

The company's consolidated revenue from operations grew 22 per cent YoY to Rs 1,789 crore, up from Rs 1,462 crore a year ago and Rs 1,507 crore in Q2 FY24

The company's consolidated net profit rose 97% to 161.9 million rupees ($1.95 million) in the third quarter ended Dec. 31. It had posted a drop in net profit in three of its previous five quarters

Overall at the consolidated level, Nykaa expects overall NSV to grow at a mid-20s percentage rate and revenue to grow at a low-20s percentage rate on YoY basis in 3QFY24

Nykaa's beauty and personal care (BPC) owned brands contribute to 11.9 per cent of its overall BPC GMV, while its Fashion-owned brands contribute 12.9 per cent to the overall Fashion GMV

Nykaa's Ebitda rose 84 per cent to Rs 70.6 crore during the quarter

: Averring that digital transformation was the key driver of almost every industry, Nykaa Founder and CEO Falguni Nayar on Friday said businesses and individuals must adapt to the ever-evolving' scenario. Addressing the students at Indian School of Business (ISB) here, she said: Digital transformation is today the key driver of nearly every industry, from commerce to finance to healthcare, you name it, and businesses and individuals must adapt to this ever-evolving new world. Reimagining how business operates from the ground up, leveraging technology to create value for customers, and driving constant innovation is critical. Approach the power of technology with a growth mindset. Embrace experimentation and iteration, and don't be afraid to fail, Nayar told the students, according to a release from the ISB. ISB Board Chairperson Harish Manwani said : In this new paradigm, your focus should not only be on creating economic value but also on solving the challenges and needs of the ...

Nykaa rivals conglomerates such as Tata and Reliance both of which have interests in the beauty products industry

"We are excited to welcome Arvind to our leadership team," said Prosus-owned PayU India in a statement

The FSN E-Commerce Ventures, that runs the fashion and beauty platform Nykaa, announced the resignation of its chief financial officer (CFO) Arvind Agarwal today on November 22

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Nykaa has already expanded to 15 cities, not states. Ergo fulfilment costs are already down. Distance from warehouse to customer has therefore, shrunk