
Indian cosmetics-to-fashion retailer Nykaa on Wednesday reported a 59.5% slump in quarterly net profit on a steep increase in expenses, overshadowing a rise in revenue and gross merchandise value.
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Indian cosmetics-to-fashion retailer Nykaa on Wednesday reported a 59.5% slump in quarterly net profit on a steep increase in expenses, overshadowing a rise in revenue and gross merchandise value.
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.
Indian cosmetics-to-fashion platform Nykaa surged 96% in a blockbuster debut on Wednesday, fetching the country's first women-led unicorn a valuation of nearly $14 billion.
Indian e-commerce beauty company Nykaa plans to raise $500 million through its initial public offering (IPO), a source with direct knowledge of the matter told Reuters.
App-based Indian cosmetics retailing startup Nykaa plans to go public by early 2022 at a valuation of more than $3 billion, according to local reports.
The global beauty brand Revlon plans to reach a store count of 140 by the end of 2018 after which it aims to pursue an omni-channel strategy.
The natural skincare brand Ras Luxury Oils is planning to continue to expand in India this year and also has its sights on Europe.
The international beauty trade show Cosmoprof will take place in India for the first time this September as India’s beauty market is expected to keep growing.
As the Indian fashion and beauty industry pour over the Union Government’s new budget, many are disappointed by higher tax rates on many cosmetic items that already have some retailers preparing to raise their prices.
Global e-commerce giant Amazon has tied up with Korea Investment Trade Centre (KOTRA) in India to expand its product portfolio and offerings in the fast growing beauty segment.