Nykaa Plans to Scale Its House of Brands Business
Nykaa is set to scale its House of Brands business, which is separate from its retail operations. The company’s brands include Kay Beauty, Dot & Key, Nykaa Cosmetics & Naturals, Nykd by Nykaa, and KICA, with annualised GMV of Rs 3,500 crore. Nykaa is building a new team and expects growth through acquisitions and new brand creation.