The beauty and personal care segments witnessed strong traction in the December quarter (Q3) of financial year 2021-22 (FY22) despite the Omicron wave, even as companies like Aditya Birla Fashion and Retail (ABFRL) announced their entry into the segments.
Falguni Nayar, executive chairperson, managing director and chief executive officer of Nykaa, the online beauty brand that is also increasing its offline presence, told investors in a post-earnings conference call that sequentially Q3 was one of the best from a beauty perspective.
Nykaa's beauty and personal care gross merchandise value (GMV) grew 29 per cent quarter-on-quarter (QoQ) and 32 per cent year-on-year (YoY) to 1,533 crore. Also, on an average monthly unique visitor basis, beauty and personal care grew 4 per cent QoQ and 39 per cent YoY with 22 million unique visitors. During the quarter, Nykaa also had its annual sales event, which ran from November 24-30.
This story is from the February 23, 2022 edition of Business Standard.
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This story is from the February 23, 2022 edition of Business Standard.
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