THE WHAT? Nykaa has reported its results for the fourth quarter of its fiscal year. In the three months ended March 31, 2022, the Indian beauty retailer saw profits plunge 49 percent yoy, according to a report published by Reuters.
THE DETAILS The fall was attributed to rising costs (+35 percent to R9.79 billion) with both fulfilment and marketing costs experiencing steep increases.
Consolidated net profit for the quarter stood at R85.6 million versus 168.8 in the prior-year period, despite total orders rising from 8.6 million from 6.2 million a year ago and GMV increasing 45 percent to R17.97 billion.
THE WHY? CEO Falguni Nayar told Reuters, “Inflationary pressures are building up more so in the first quarter this year.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
-
Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
-
Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
-
Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
-
Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
-
Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
-
Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
-
Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
-
Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
