Business Standard

Beauty and personal care segments shrug off Omicron wave in Dec quarter

Companies post strong growth in Q3; competition heats up as ABFRL, TCNS Clothing enter space

A Nykaa store in New Delhi, India
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A Nykaa store in New Delhi, India

Sharleen D’Souza Mumbai
The beauty and personal care segments witnessed strong traction in the December quarter (Q3) of financial year 2021-22 (FY22) despite the Omicron wave, even as companies like Aditya Birla Fashion and Retail (ABFRL) announced their entry into the segments.

Falguni Nayar, executive chairperson, managing director and chief executive officer of Nykaa, the online beauty brand that is also increasing its offline presence, told investors in a post-earnings conference call that sequentially Q3 was one of the best from a beauty perspective.

Nykaa’s beauty and personal care gross merchandise value (GMV) grew 29 per cent quarter-on-quarter (QoQ) and 32 per cent year-on-year (YoY)

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First Published: Feb 23 2022 | 6:10 AM IST

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