Nykaa to triple physical store count to 300 across 100 cities in retail push
Beauty retailer Nykaa plans to scale from 84 outlets in 40 cities to 300 stores across 100 cities, betting on touch-and-feel demand and festive-season revival. CEO Falguni Nayar also eyes export growth in the UK and Middle East amid a $14B valuation.
Nykaa plans to triple brick-and-mortar stores to 300 across 100 cities, from 84 outlets in 40 cities, reviving expansion post-pandemic. CEO Falguni Nayar cites touch-and-feel demand and exports to UK/Middle East amid festive-season revival.
Why this matters
The store push follows Nykaa taking over Kiehl's India operations under an exclusive L'Oréal deal and strong Q3 FY26 results, signaling aggressive offline and brand-portfolio expansion as India's retail market scales.
Store-opening activity holds steady with 367 signals tracked over the past 90 days.