The development is significant, said experts, since Reliance Retail had been looking at a beauty retail format for some time now.
A recent Euromonitor International study pegs India's beauty and personal care market at eighth in the world, with its market size estimated at $15 billion, growing around 10% per annum. The online beauty segment in the country has been growing at double the overall pace (20% per annum), Euromonitor said, thanks to the growing penetration of beauty brands on online platforms.
This story is from the April 06, 2023 edition of Financial Express Mumbai.
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This story is from the April 06, 2023 edition of Financial Express Mumbai.
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