Nykaa eyes to add more brands this fiscal

Nykaa, the online fashion and beauty retailer, is planning to add more brands to its basket this fiscal. It is further eyeing at launching 45 brick-and-mortar stores across India.

Founded in 2012, Nykaa originally started as an online fashion retailer, however, later it forayed into offline stores. The brand has over 80,000 products across 700 brands, listed on its online portal and mobile app.

The retailer is selling make-up, skincare, hair care, fragrances, bath and body, luxury and wellness products for women and men. It further has private label brands across categories such as nail paints and fragrances to shower gels and make-up.

Last year, Nykaa had entered into premium Indian designer wear with the launch of Nykaa Design Studio.

The company reported Rs 570 crores revenue for the year ended March 2018, up from Rs 214 crores in the previous year. Nykaa posted a loss of Rs 28 crores, down from Rs 36 crores in the previous financial year. It is aiming Rs 1,200 crores for the year ended March 2019.