Nykaa looks to triple store count in retail expansion: CEO Falguni Nayar

Falguni Nayar declined to give a timeline for the rollout but said the company was targeting 100 cities.

Indian cosmetics-to-fashion retailer Nykaa plans to more than triple its brick-and-mortar stores to 300, founder and Chief Executive Falguni Nayar said, significantly building its offline presence in the country.

Nayar declined to give a timeline for the rollout but said the company was targeting 100 cities, adding to the 84 retail outlets it already operates in 40 cities.

"The process of store expansion had slowed down due to (COVID-19) pandemic for a year or so," Nayar said in an interview for the Reuters Next broadcast on Wednesday. "But this year we have revived our store rollout."

Though Nykaa largely operates