Nykaa News

Falguni Nayar Owned Nykaa shares were down 4 percent on back of a block deal in 6 crore shares exchange hands.  

Falguni Nayar's journey from a middle-class upbringing to the founder of Nykaa exemplifies the limitless possibilities that determination and vision can unlock.  

Anchit Nayar's journey as the son of a billionaire mother, unfolds as a tale of right choices and remarkable achievements.

Adwaita Nayar joined her mother Falguni Nayar as Naykaa co-founder and they forged a path to extraordinary success together.

Since April, the company has witnessed a series of resignations which include chief marketing officer Shalini Raghavan, forcing Nayar to spearhead the key department.

Once an Investment banker Falguni Nayar left her job to launch Nykaa, a retailer of beauty products. With a net worth of $2.7 billion, Falguni is currently the richest self-made female entrepreneur in India.  

Nykaa's shares closed down 2.7% ahead of the results. The stock fell 19.3% in the January-March quarter compared with a 1% rise in the benchmark Nifty 50.

"Arvind deserves praise for the crucial role he has played in Nykaa's growth as a listed and profitable start-up," said Falguni Nayar, founder and chairperson of Nykaa. Even if we regret losing him, we are aware of his individual goals and wish him luck.

The online fashion retailer Nykaa on Tuesday posted a 344 percent growth to Rs 52 million in its net profit for the quarter ended September, against Rs 12 million in the corresponding period the previous period.

FSN E-Commerce Ventures share was trading at Rs 1,317 at 9.55 am today Nykaa said that its board has approved the issuance of shares in 5:1 held by the shareholders Nykaa board also approved the formulation and implementation of ‘FSN E-Commerce Ventures Limited – Employee Stock Option Plan 2022’

Nykaa has announced to issue bonus equity shares in the ratio of 1:5 Nykaa will issue a bonus of 5 shares for every 1 share held as on the record date. Bonus date is November 3, 2022

The IIFL Wealth Hurun India Rich List 2022, published today (September 21) said that Falguni Nayar & family’s flagship company, Nykaa also grew by 345% in the last year to report a wealth of Rs 38,700 crore. 

FSN shares were up 4.41% at Rs 1,464.80. Nykaa had a strong market debut in November 2021.

Nykaa has a 28.6% market share in the domestic online beauty and personal care products space. Its total orders climbed to 8.6 million from 6.2 million.

Nykaa has also partnered with Onesto Labs to enter the nutraceutical space. The company has fully acquired the activewear brand Kica for Rs 4.51 crore.

Ranbir Kapoor and Alia Bhatt are likely to tie the knot today. 

Nayar is the wealthiest Indian self-made woman billionaire. She is also the latest entrant in Hurun’s Global Rich List for 2022. TIME features businesses that are reshaping our future in the TIME100 Most Influential Companies of 2022.

On Wednesday, March 17, Paytm share price closed at 594.25, with a fall of 6.28%. The share price of Nykaa’s parent company FSN E-Commerce Ventures ended the day with a jump of 3.80% to Rs 1,553. FSN E-Commerce Ventures is backed by several private equity firms such as TPG and Fidelity.

ModiFace is an Al-powered virtual try-on technology. The tech is developed by French personal care company L'Oreal. Nykaa said that the ModiFace tech will improve the beauty experience for makeup enthusiasts.

CEO Falguni Nayar declined to give a timeline for the rollout but said the company was targeting 100 cities, adding to the 84 retail outlets it already operates in 40 cities.