INDIA'S '' NYKAA '' BEAUTY : WOMEN HONOURS PRECIS

 

NYKAA : India's Beauty Behemoth : Ten years after being founded by entrepreneur Faiguni Nayar with the goal of inspiring Indian women, Nykaa has evolved into one of India's largest cosmetic and lifestyle brands.

NEARLY 10 million people shop there, and last year's November IPO raised $700 million at a $13 billion valuation.

This turned Nayar, the CEO, into India's richest self-made businesswoman.

Expansion and marketing led to a 23% drop in net profits in the nine months to last December, but revenue grew 65% year-over-year to $376 million. [Juliette Pearse].