Nykaa's Anchit Nayar | 'Probably 150 To 200 Stores To Open In Next 3 To 4 Years' | ET Now Exclusive

Описание: In an exclusive interview with ET NOW's Anisha Jain, Mr. Anchit Nayar, the Executive Director and CEO of Beauty E-commerce giant Nykaa, shared insights into the company's growth strategy and recent milestones. Nykaa, with 175 stores nationwide, boasts the largest beauty store footprint in India. Nayar revealed that numerous global brands are eager to enter the Indian market, highlighting a surge in interest over the past 12 to 24 months.

With an ambitious plan to open 150 to 200 stores in the next 3 to 4 years across various tier cities, Nykaa's expansion extends beyond the borders. The recent joint venture with the Apparel Group led to the inauguration of a store in Dubai, and plans are underway to open around 100 stores in the Middle East in the next 5 years, targeting consumers with similarities to the Indian market.

Nayar emphasized Nykaa's commitment to providing a platform that brings together Indian and global beauty brands both online and offline. Despite challenges in the market and increasing competition, Nykaa remains resilient. Nayar acknowledged that while the beauty business remains a top priority, there is room for improvement in the fashion segment. Despite being the industry's largest player, Nykaa aims to not only maintain but potentially surpass market growth in the coming years. With a track record of significant improvements in contribution margins across various business segments, Nykaa is poised for multi-decade growth, capitalizing on the evolving beauty and fashion landscape in India and beyond.

#nykaa #nykaafashion #nykaaceo #anchitnayar #etnow

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