About Nykaa
It is an e-commerce Company and Indian-based brand that deals in personal care and beauty products. It started as an E-Commerce company but later on, it established itself as a brand, and various outlets opened in different parts of India. In metropolitan cities craze for its product in youth is commendable.
The company contains a collection of bath and body, wellness and luxury products, haircare, and skincare applicable for both men and women in different categories. This platform provides branded products on its official website. Company brands available in three formats On Trend, Luxe, and Kiosks. In the Luxe store, Nykaa contains luxury brands like Huda Beauty, M.A.C. Cosmetics, Dior, and Estee Lauder.
What is Nykaa Share Price?
IPO opened its registration on 28 October 2021 to 1 November 2021 with a price range of Rs. 1,085 to Rs. 1125in its initial offering of shares. 2.64 Crore shares were issued and bought out 81.78 times. On 10 November 2021, its shares were launched on BSE and NSE and the quickly company entered into the 1 lakh Crore hundred club with a closing of Rs. 2,206.70 which was twice from IPO price.
What is Nykaa Valuation?
The valuation of the company was boosted up to $13 billion when it was listed on NSE and BSE.
What is Nykaa’s Net Worth and Profit?
Operating sales of the product of the company was 41% in Q1 in Financial year 23, it was Rs. 1148.4 Crore. The net earnings of the company in the first quarter of the financial year 2023 were Rs. 5 Crore. Year on year it’s increasing. Net income is Rs.19 Crore in FY23.
Who is the founder of Nykaa?
The founder of Nykaa is Falguny Nayar; she is an MBA Graduate from IIM Ahmedabad. She began her career through investment banking from Kotak Mahindra Bank. Falguny was promoted to Managing director in the same banking division. Nayar served the bank for 18 years after that she wanted to explore. She found a lot of potential in the beauty industry. The trust of the customer can be won through the quality of beauty products in an affordable range.
Nykaa Mission and Vision
The mission of Nykaa is “inspiring Indians, both men and women to make lifestyle and fashion best choice that suited them”
Nykaa Product and Services
All personal care products are available on its official website. It can be cosmetics. Faces wash moisturizer and face wipes. For hands and feet, its handwash, hand sanitizer, hand creams, and foot care. Services that Nykaa offers are different parts of the body like Face, Nails, and Fitness, Hair, and Makeup artists can also booked through the website and are available by the company. It is claimed by the company that we offered 200,000 products with 2,000 brands.
Nykaa Future Plans
The company’s main focus is nowadays on its offline stores because they build a great impact on the audience and also enhance the trust of customers in brands. Customer satisfaction is always in the plan of the company.
