Page 2 - Beauty Products

Nykaa has huge lead, edge over its competitors: Founder Falguni Nayar

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 .

Beauty retailers report high demand for prestige and premium segments

Beauty retailers report high demand for prestige and premium segments

Indian market too big to ignore: Beauty and make-up brand Laura Mercier

The brand first entered the Indian market last year and started selling online through the beauty and personal care marketplace, Tira

Festival demand didn't meet expectations: Honasa Consumer CEO Varun Alagh

He dwells on the company's Q3 performance, challenges, and plans

Mamaearth Q3 results: Profit rises 264% to Rs 25.9 cr, revenue jumps 28%

Weak consumer demand impacts sequential performance

L'Oreal expands operations in India, enters dermocosmetic market: Report

French personal care company L'Oreal on Thursday announced its entry into the Indian dermocosmetic market and said it has introduced L'Oral Dermatological Beauty (LDB) in the country. LDB, a new division for the Indian market will bring products to dermatologists, patients, and consumers, a company statement said. It will start its journey in India with CeraVe, a leading dermatologist-recommended skincare brand in the US market. L'Oral India Managing Director Aseem Kaushik said the entry is significant for India where the ratio of dermatologists to consumers is one of the lowest in the world (0.7 dermatologists for every 1,000 people). "We believe everyone deserves access to expert dermatological care and effective skincare solutions. Skin health is the foundation of beauty and with LDB we aim to deliver on our promise to both Indian dermatologists and patients," he said. Globally, LDB partners with over 250,000 healthcare professionals, including leading dermatologists, to develo

Amazon to overtake Walmart in beauty by 2025, says Morgan Stanley

Morgan Stanley projects that Amazon will become the biggest player in beauty

Urban Company's beauty segment workers stage protests over ID blocking

The partners have alleged that Urban Company blocked their cards if their ratings fell below 4.8 out of 5

Reliance Retail enters beauty segment with Tira, opens 1st store in Mumbai

Reliance Retail on Wednesday entered into the beauty space with the launch of Tira, an omnichannel beauty retail platform. The country's leading retailer will now compete with the brands like HUL's Lakme, Nykka, Tata and LVMH's Sephora in India's growing beauty and personal care marketplace. Reliance Retail announced the launch of Tira, an omnichannel beauty retail platform. Along with the Tira app and website, it also opened its flagship Tira store at Jio World Drive in Bandra Kurla Complex in Mumbai. Tira has the potential to scale up its stores across cities, said industry sources. According to the online market and consumer data platform Statista, the Indian Beauty and Personal Care market amounts to USD 27.23 billion in 2023 and 12.7 per cent of the total revenue will be generated through online sales. Reliance Retail Ventures Ltd Executive Director Isha Ambani said, "We are excited to bring the Tira experience to our Indian customers. With Tira, we aim to break down barriers

Marico to acquire 100% stake in Vietnamese personal care brand Beauty X

To pay Rs 172 cr under the deal, which is expected to be completed by March 31

Lakme turns 70: 'Has evolved with time, stayed ahead of digital curve'

The brand is hopeful that the opportunity in the beauty and personal care space is huge as the per capita consumption of makeup in the country is very low in India

Former Nykaa CFO Arvind Agarwal joins PayU India as chief financial officer

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

Fashion & beauty platform Nykaa announces CFO Arvind Agarwal's resignation

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

Nykaa's strong performance in Sept quarter bucks new-age tech bloat

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

Online cosmetics retailer Nykaa's Q2 net more than doubles to Rs 5.2 cr

Revenue for the quarter was up 39% YoY to Rs 1,230.8 crore

Reliance Retail enters general trade with its own FMCG grocery brands

In the non-foods space, it has entered the personal care and home care business

Beauty start-up Purplle raises $33 mn in funding, gets unicorn status

It is the second Indian startup this week to be valued at more than $1 billion, after edtech firm Physics Wallah.

India among top priority markets: Swedish beauty brand Oriflame

India is among one of the "priority markets" for the direct selling Swedish beauty brand Oriflame, where it expects to continue its double-digit growth over the next 3-5 years, a top company official has said. The company which sells cosmetic and wellness products in India also expects a double-digit growth in its sales force, adding more direct sellers in the coming years. Amid the COVID-19 pandemic, Oriflame has witnessed an upswing in the wellness products business, contributing to around 20 per cent of its India business from the earlier 4 per cent, and expects this trend to continue with some minor corrections. "We have an expectation to continue the double-digit growth over next 3-5 years and I do not see it as a huge challenge," Frederic Widell, Vice President & Head of South Asia & MD, Oriflame India, told PTI. The company will continue to grow here for the next decades because of the growing population and would continue to invest in India and build the business, he ..

Beauty brand Plum raises Rs 270 cr in Series C round led by A91 Partners

The fresh capital is expected to add momentum to Plum's gameplan of further strengthening its omni-channel presence, building new categories and enhancing R&D capabilities

Beauty brand RENEE Cosmetics raises $10 mn in funding by Mensa brands

RENEE Cosmetics plans on utilising funds majorly in strengthening the brand presence and widening offline presence.