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Home » Nykaa’s international investment plans
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Nykaa’s international investment plans

News DeskBy News Desk17 December 2021No Comments1 Min Read
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Nykaa plans to invest Rs 100 crore in expanding its retail outlets.The company also aims to retail its private label brands abroad. 

Huge investments

Nykaa has earmarked close to Rs 100 crore of capex to invest in expanding its brick-and-mortar presence. “We are investing in fulfillment centres, which are large warehouses,” Nykaa’s Group CFO Arvind Agarwal told Economic Times.

“So we are investing ahead of the curve building capacity to get closer to the customer. We launched the Guwahati warehouse as earlier we were shipping from Kolkata. Similarly, we launched in Hyderabad, Chennai and are working on many more such geographical expansion and capacity additions,” he said.

Nykaa Beauty

The business runs numerous private label brands and product lines under the umbrella of Nykaa Beauty. “In terms of exports, the idea is to take our own brands, such as Nykaa cosmetics and Kay Beauty, which is a celebrity brand outside India,” said Agarwal.

Nykaa will first tap into markets where there is a large Indian diaspora. This includes the UK, Europe, and the Middle East.The business is still fine tuning its strategy for international retail.

banner business Europe Falguni nayar India Investment Nykaa Nykaa founder Nykaa IPO retail outlets startups technology uk
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