Nykaa to ramp up beauty, fashion business in three years

Omnichannel retailer Nykaa plans to scale up its fashion, beauty and consumer businesses over the next three years while increasing its presence in foreign markets, founder and CEO Falguni Nayar said during the company’s annual investor day on Friday. Nayar is also the executive chairperson of the company.

“Looking ahead, the beauty business’s ambition is to grow at a compounded annual growth rate of mid-to-late 20s till FY28,” Nayar said. “While Nykaa Fashion aims to grow to 2.5-3x over the next three years, aspiring to become Ebitda positive in the near future,” she added.