
Nykaa's Anchit Nayar to Speak at Beauty Global Forum 2025
By Avantika Kenjale
Mumbai
The third edition of Business of Beauty Global Forum will be held at California from June 9th and 10th at the picturesque Stanly Ranch in Napa Valley. It will bring together industry leaders and innovators for a unique gathering focused on the business of beauty. With just one week to go for The Business of Beauty Global Forum 2025, the global forum has announced the full agenda and speaker lineup for the highly event. The livestream will take place on Monday, June 9, and Tuesday, June 10, and will feature three immersive content sessions that will explore the latest trends and insights in the beauty industry.
This year's forum promises to be an exciting and informative event, with a lineup of industry experts and thought leaders sharing their insights and experiences. Anchit Nayar, Executive Director and Chief Executive of Nykaa, will join Andy Lightfoot in conversation with Priya Rao to discuss 'The Global Retailers Making a Local Impact'.
Hailey Bieber, founder and creative director of Rhode, will speak exclusively about her brand and exit journey, and will be joined by Tarang Amin, chairman and chief executive of E.l.f. Beauty, to discuss what is next for the viral skin and makeup line. Tracee Ellis Ross, Ava Matthews, Sumin Lee, Marc Elrick, and Andy Lightfoot are just a few of the many speakers who will share their expertise and insights on topics ranging from cultural and societal forces shaping the industry to the potential of beauty to create connection and community. (Writer is Fashion Management Scholar, National Institute of Fashion Technology, Ministry of Textiles, Govt of India, Daman Campus).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
2 days ago
- Business Standard
Brokerages bullish on Nykaa's BPC growth, cautious on fashion outlook
Nykaa in focus: Nykaa's 2025 Annual Investor Day presentation received a broadly positive response from brokerages, who highlighted continued strength in the Beauty and Personal Care (BPC) vertical while adopting a more cautious tone on the company's ambitious fashion targets. Nomura described Nykaa's growth plans in the BPC segment as being 'in line with our view,' and highlighted the company's strong positioning in the premium beauty space. It expects Nykaa to deliver '27 per cent/25 per cent revenue growth in FY26/27F' in BPC, with margins expanding steadily despite management not offering any specific guidance. However, the brokerage remained measured about the fashion segment, calling the company's outlook 'ambitious.' Nomura said, 'It may be tough in our view to deliver stronger growth with sharp improvement in margins' considering the 'high level of competition.' On profitability, it sees fashion margins improving but remaining negative at -7 per cent by FY27F. Nomura concluded that while there's potential for upside, execution remains key. It values the stock at a discounted cash flow (DCF)-based target price of ₹216, calling the current ~5x FY26F EV/sales multiple 'in the fair value zone.' The brokerage has kept the ratings unchanged at 'Neutral'. Meanwhile, JM Financial stressed upon Nykaa's 'aggressive growth aspirations across BPC and fashion,' and pointed to positive traction in its eB2B Superstore vertical. The brokerage highlighted that the company has now guided for fashion earnings before interest, tax, depreciation and amortisation (Ebitda) breakeven in FY26, which is earlier than its own FY27 expectation. While management refrained from issuing specific Ebitda guidance for BPC, JM Financial stated, 'We expect contribution margins to remain stable, with Ebitda margin expansion likely supported by operating leverage.' It also noted Nykaa's confidence in scaling, saying, 'Mid-20s GMV growth in BPC and a 3-4x increase in Fashion net sales value (NSV) over the next five years reflect management's strong confidence.' The brokerage believes Nykaa has shown robust execution 'in a tepid demand environment,' and sees further margin enhancement as a possibility. It maintains a 'Buy' rating with a target price of ₹250 for March 2026. Nuvama echoed a similarly positive sentiment, with a focus on profitability and long-term sustainability. The brokerage pointed out that Nykaa management expects the 'BPC business to grow at a mid-20 per cent compound annual growth rate (CAGR) during FY25–30E' and that 'Fashion business is to attain Ebitda margin breakeven in FY26.' It also highlighted strong potential in the House of Nykaa, noting its gross merchandise value (GMV) target of ₹6,000 crore by FY30E. On the quick commerce front, Nuvama mentioned that 'NykaaNow is available in seven cities with a target to expand to ten cities.' The brokerage underscored the company's disciplined approach, stating, 'Management focus remains on sustainable growth by adding quality customers to the funnel rather than discounting products.' It expects profitability to improve 'on the back of lower losses in the fashion and eB2B segments,' and retained its 'Buy' rating with a DCF-based target of ₹235. Those at Emkay, too, recommended an 'Add', with a target price of ₹230 as they see steady growth in BPC, improving profitability in Fashion, and long-term value creation through new initiatives like Nykaa Now and House of Nykaa. That said, the brokerages remain bullish on Nykaa's BPC prospects and confident in its broader digital and omnichannel strategy. While Fashion remains an area requiring careful execution, analysts see room for upside if the company delivers on its ambitious growth and profitability milestones.

Time of India
2 days ago
- Time of India
Shadowfax preps IPO filing; O-1A over H-1B
Shadowfax preps IPO filing; O-1A over H-1B Also in the letter: Shadowfax to file IPO papers under confidential route Key details: Shadowfax's IPO is expected to be Rs 2,000–2,500 crore in size. Fresh capital is expected to form half of the proceeds. Shadowfax is eyeing a valuation of Rs 5,500–6,000 crore, subject to market conditions. ICICI Securities, JM Financial and Morgan Stanley are bankers for the issue. Use of proceeds: Shadowfax, at a glance: Quick commerce and hyperlocal deliveries contribute 25–30% of Shadowfax's revenue, a share expected to rise to 35–40%. The remainder comes from ecommerce and D2C logistics, particularly same-day deliveries. Clients include Nykaa, Ajio, Flipkart, and Meesho. Shadowfax is also a key logistics partner for the Open Network for Digital Commerce (ONDC). JSW One eyes public listing in 18–24 months IPO momentum: JSW One, at a glance: Founded in 2020 by Sachdeva and JSW Group scion Parth Jindal, JSW One handles 2.4 million metric tonnes of steel annually, accounting for about 1.6% of India's total steel supply. It currently processes a monthly gross merchandise value (GMV) of Rs 1,400 crore. Revenue rose 4.2x to Rs 1,421.9 crore in FY24, up from Rs 338.8 crore a year earlier. However, net losses widened to Rs 277 crore from Rs 83.8 crore, according to Tracxn data. The company entered the unicorn club earlier this year after raising Rs 340 crore from Principal Asset Management, OneUp and JSW Steel, valuing it at $1 billion. Also Read: Pine Labs files for IPO with Rs 2,600 crore fresh issue; Peak XV, PayPal to pare stakes Who is selling? Also Read: O-1 for the books! Elite talent finds new route to US What is O-1A visa? Pros & cons: Versus H-1B: Cost: O-1A applications range from $10,000–$30,000. H-1Bs are more affordable, starting at $970, but legal fees can increase to $7,775 with premium processing. Attorney fees add $2,000–$5,000. O-1A applications range from $10,000–$30,000. H-1Bs are more affordable, starting at $970, but legal fees can increase to $7,775 with premium processing. Attorney fees add $2,000–$5,000. Popularity: While 225,957 H-1B visas were approved in FY24, just 22,669 O-1As made the cut. But the latter is growing fast, clocking nearly 10% annual growth. While 225,957 H-1B visas were approved in FY24, just 22,669 O-1As made the cut. But the latter is growing fast, clocking nearly 10% annual growth. Approval rate: O-1As enjoy a 93% approval rate. H-1Bs offer just 37%. Also Read: Nykaa eyes Rs 6,000 crore GMV from in-house brands by FY30; ramps up fashion, AI bets Fashion bet: Quote, unquote: Beauty engine: Also Read: AI play: Other Top Stories By Our Reporters ShopOS raises funds from Binny Bansal: Raphe mPhibr valued at $900 million after fresh raise: Google, Meta at loggerheads over age verification: Global Picks We Are Reading Happy Friday! Logistics firm Shadowfax is set for a confidential IPO filing in a month. This and more in today's ETtech Morning Dispatch.■ Nykaa's roadmap■ ETtech Done Deals■ Age verification conundrum(L-R), Vaibhav Khandelwal, Praharsh Chandra, Gaurav Jaithliya & Abhishek Bansal, cofounders, ShadowfaxLogistics startup Shadowfax is poised to confidentially submit draft papers for its IPO to market regulator, the Securities and Exchange Board of India (Sebi), within a month, according to multiple sources. It will join companies like PhysicsWallah Groww , and boAt , all of which have chosen the confidential Rs 1,000–1,100 crore from the primary issue will be used to expand the company's quick delivery offerings, a person familiar with the plan told Sachdeva, CEO, JSW OneJSW One Platforms, the business-to-business (B2B) ecommerce venture of the JSW Group, is planning to go public within 18–24 months as it aims to break even this financial year, CEO Gaurav Sachdeva, told us in an company joins other industrial commerce players, including Zetwerk, and OfBusiness, in preparing for the public Rau, CEO, Pine LabsMerchant payment processor Pine Labs has filed its draft red herring prospectus (DRHP) with Sebi, aiming to raise Rs 2,600 crore through a fresh issue and an offer for sale (OFS) of up to 147.8 million offloading shares include Peak XV Partners, Temasek, PayPal, Mastercard, Invesco, Actis, and Madison India. Cofounder Lokvir Kapoor will also sell a portion of his stake. The company is also planning a Rs 520 crore pre-IPO the H-1B visa becoming increasingly unreliable, a growing number of ambitious professionals are turning to the O-1A visa to chase their American too, are taking notice. Many are now willing to invest heavily in sponsorships, urging candidates to bolster their profiles by publishing research papers, authoring books, and attending under the Immigration Act of 1990, the O-1A is a temporary, nonimmigrant work visa for individuals of exceptional ability in science, education, business, arts, athletics, motion pictures, or television. Applicants must meet at least thee of the eight specific criteria to qualify.'There's growing interest in O-1A because it avoids the H-1B lottery,' said Sahil Nyati, founder of US-based immigration consultancy Jinee Green Card. 'Although it's not a piece of cake.'Falguni Nayar, CEO, NykaaNykaa is targeting Rs 6,000 crore in gross merchandise value (GMV) from its in-house brands by FY30, nearly tripling from Rs 2,100 crore in FY25. The omnichannel beauty and fashion seller shared the goal during its 2025 investor a muted performance over the past few quarters, Nykaa aims to grow its fashion vertical three to four times over the next five years. It has also set a long-term Ebitda margin target of 10% for the segment.'Even in a cautious macro, we've continued to grow with discipline and purpose. Beauty remains a powerhouse, our B2B play is scaling well, and we see recovering momentum in fashion,' said Falguni Nayar, executive chairperson, founder and CEO of beauty vertical, still Nykaa's biggest revenue engine, is expected to grow at a steady mid-20% rate. Growth will be driven by deeper digital discovery, an expanding premium portfolio, and continued investment in omnichannel is positioning itself as an AI-native company, with over 40 generative AI initiatives in the pipeline. It expects AI to generate over half its internal code and handle the majority of customer interactions via voice and Bansal, cofounder, Flipkart with ShopOS founders Sai Krishna VK (left) and Ajay PVThe Flipkart cofounder invested $20 million in the startup, developing an AI-native operating system for global ecommerce brands to automate the creation, management, and marketing of products across various mPhibr, a drone manufacturing startup, has raised $100 million in an equity funding round led by Silicon Valley investor General giant Google and social media major Meta recently reiterated their differences on how to verify the age of child users on digital platforms — the latter has suggested using app stores, a motion the former has warned against.■ Peter Thiel and the Antichrist ( The New York Times ■ The Trump Phone no longer promises it's made in America ( The Verge ■ AI agents are getting better at writing code—and hacking it as well ( Wired


Time of India
2 days ago
- Time of India
Nykaa eyes Rs 6,000 crore GMV from in-house brands by FY30, ramps up fashion and AI bets
Academy Empower your mind, elevate your skills Omnichannel beauty and fashion retailer Nykaa is aiming to increase the gross merchandise value (GMV) of its in-house consumer brands to Rs 6,000 crore by FY30, up from Rs 2,100 crore in firm is also targeting 3–4x growth in its fashion vertical over the next five years, Nykaa said at its annual investor day 2025 here on Mumbai-based company said it is integrating artificial intelligence (AI) across Nayar, executive chairperson, founder and CEO of Nykaa, said the firm is growing despite a challenging macroeconomic situation. 'Beauty remains a powerhouse, our B2B play is scaling well, and we see recovering momentum in fashion,' she said. 'India is now on every global beauty company's radar,' she fashion vertical clocked Rs 3,800 crore in GMV in FY25 and saw improvement in profitability metrics. Nykaa has set long-term earnings before interest, taxes, depreciation and amortisation (Ebitda) margin target of 10% for the Z customers now contribute 44% of the spending on beauty and personal care across Nykaa's platforms, the company Fashion has expanded its premium offering through global partnerships with brands such as Revolve, Victoria's Secret, Calvin Klein, and by Nykaa, its B2B platform, now serves over 370,000 retailers across 1,100 cities, with 89% of sales coming from tier-2 cities and beyond. The firm plans to expand its Superstore footprint to 20,000 pin codes and 3,200 cities, targeting India's estimated $12-billion unorganised beauty retail its core beauty business, Nykaa is targeting mid-20% growth rates in the coming years, driven by digital discovery at scale, a growing premium brand portfolio, and an omnichannel model designed for reach and the quarter ended March, FSN E-Commerce, Nykaa's parent entity, reported a net profit of Rs 19 crore, nearly double the figure from the year-ago period. Operating revenue rose 23.6% year-on-year to Rs 2,016.7 crore, led by growth in the beauty and personal care vertical ecommerce players explore quick commerce models, Nykaa has been piloting Nykaa Now, its express delivery offering, in select pin codes across Mumbai, Delhi, and Bengaluru since last in an interview with ET on June 9, Adwaita Nayar, CEO of Nykaa Fashion, said the company is taking a cautious approach to the category. Beauty, she said, is a discovery- and inspiration-led category that requires width and depth of assortment, which the quick commerce format doesn't typically is also transitioning into an AI-native enterprise, with more than 40 GenAI initiatives in progress. These span hyper-personalised shopping, automated ad targeting, backend process automation, and AI-led customer company said over 50% of its internal code will soon be AI-generated, and most customer queries will be handled through AI-powered voice and chat interfaces.