At the company’s annual investor day on Friday, Falguni Nayar, the founder and CEO of Nykaa, announced intentions to grow the fashion, beauty, and consumer sectors as well as expand the company’s reach into international markets over the next three years. Nayar serves as the company’s executive chairperson as well.
According to Nayar, “the goal of the beauty industry is to grow at a compound annual growth rate of mid-to-late 20s till FY28.” “Yet Nykaa Fashion hopes to grow to 2.5–3 times over the next three years, with the immediate goal of becoming Ebitda positive,” she continued.
The company claims that it has taken full advantage of the addressable market for beauty and personal care (BPC) by utilizing its omnichannel model. Nykaa predicts that throughout the next 15 years, the BPC market will grow to be worth $90 billion.
Also Read | Nykaa Board Appoints Santosh Desai as an Independent Director
Revenue for Nykaa’s BPC division increased by 24% year over year (y-o-y) to Rs 1,389 crore in the March quarter. During the period, this segment’s gross merchandise value (GMV) climbed by 30% year over year to Rs 2,120 crore. On the other hand, Q4 revenue for the fashion industry increased 27% year over year to Rs 1,334 crore.
According to Nayar, recent investments in the fashion and eB2B sectors will contribute to future growth in these industries’ profitability. According to Nayar, “both are expected to continue expanding margins rapidly in the next 2 to 3 years, leading to a positive improvement in Nykaa’s consolidated margins.”
Also Read | Gautam Adani, Promoters increase their stake in flagship company
