SO YOU THINK the bangs look out of place or the hair color's too light? You are probably in the wrong salon. Thanks to technology, such regrets may soon be a thing of the past.
Grooming salons in big cities are using virtual reality and imaging solutions to stay a cut above. That apart, they are amping up safety protocols and wooing men with gusto.
The size of the salon market in India is close to Rs 60,000 crore and is expected to touch Rs 189,000 crore by FY25. Unorganised and local regional operators enjoy 75% of the market. With the entry of international players, the share of organised players is expected to climb to around 30% over the next couple of years, says Pakhi Saxena, practice head, retail CPG, WazirAdvisors.As footfalls limp back to pre-Covid levels, this is the perfect time for players to gear up for the opportunity ahead, she adds.
This story is from the December 05, 2022 edition of Financial Express Mumbai.
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This story is from the December 05, 2022 edition of Financial Express Mumbai.
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