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Faster deliveries won't strain profit
Mint Mumbai
|November 13, 2024
Beauty e-retailer Nykaa is pushing for faster order deliveries while side-stepping heavy capital outlays that could strain its bottom line, CEO for beauty e-commerce Anchit Nayar told analysts Tuesday after Nykaa's Q2 earnings results.
Despite its entry into faster deliveries, Nykaa's investments in setting up 'rapid warehouses' are expected to stay lean. Nayar noted that high average order values in beauty e-commerce allow the company to expand its logistics efficiently and profitably.
"At this point, it [faster deliveries] is not going to be margin dilutive or capital intensive. We have the ability to do it. We know how to run our supply chain, manage warehouses, and we have the assortment as well," he said.
This story is from the November 13, 2024 edition of Mint Mumbai.
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