11 March 2022, Mumbai:
*Nykaa to invest Rs 100 crore over 2-3 years to expand retail footprint, fulfilment centres: CFO
Nykaa’s Group CFO Arvind Agarwal in an interview with ETCFO shared how the business is looking at expansion and investment plans post their blockbuster initial public offering in October when the company debuted on the stock market with a value of almost $14 billion.
ALSO READ: Nykaa Fashion adds new bags & footwear label
“We don't take a short-term view on discount led growth or equity led hyper-growth, we believe in a sustainable business model and that comes because we have arms-length level paying between various entities internally.
RELATED ARTICLE NYKAA: India set to become 5th largest beauty market
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CREDITS: ET The news article has not been edited by DFU Publications staff.
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