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Women’s fashion brand Indya has forayed into the skincare segment and said it expects 15-20 per cent of its revenue to come from this category in the next 18-24 months. Indya, which is owned by High Street Essentials (HSE) that also runs the FabAlley brand, will introduce 39 SKUs (stock-keeping unit) in the face care category with prices ranging Rs 250-1,450. These products will be available on the brand’s website, exclusive brand stores, and online beauty marketplaces like Nykaa, Purplle, and Myntra.

“The USD, 2.5 billion skincare market, is one of the fastest-growing segments in India. By focusing our resources, robust logistics and marketing, and with our existing two billion-strong loyal customer base, we are aiming to grow this category swiftly,” HSE co-founder Tanvi Malik was quoted by PTI as saying.

From a share point of view, with unique formulations and safe products, 15-20 per cent of brand Indya’s revenue are expected to come from the skincare category in the next 18-24 months, Malik told PTI.

The brand has partnered with a third-party firm to work on both formulations and production, HSE co-founder, Shivani Poddar told PTI.

“With Indya Skin Care we aim to be a brand that is not only affordable and delivers results but also provides a form of self-expression to the millennial Indian woman… With our fashion brands already retailing at all large platforms, we were confident to adopt the same strategy for skincare, too,” she was quoted by PTI as saying.

Indya Skin Care products will be live on Nykaa Beauty, Purplle and Myntra by February 1, 2021 and the segment is expected to become a large business category for the company, she said.

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The kid’s denim wear market is well established in Tier I cities and is now emerging into the Tier II and III cities as well. With growing purchasing power, style consciousness and international brands pouring in, one cannot ignore the opportunities these markets present. Big and small brands are now heading to these small cities with multiple formats.

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Since its inception in 2012, 1-India Family Mart has managed to maintain a healthy growth rate and profitability on the financial books even as a bootstrapped enterprise. The firm eventually raised two rounds of external debt funding worth US $7 million equity and Rs 20 crore debt, respectively in 2018 and 2019 to leverage the amount for expanding to newer geographies. It has been planning to add up 40 stores in the current year and 50 stores by 2020. Konchada’s leadership, management and vision will further help 1-India Family Mart in growing effectively on the back of its financial strength and operating efficiency.

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Denim is a high growth category as it is fashionable and comfortable, and enhances style quotient. The value growth within the denim wear owes to increased demand for stretch and light weight fabric, varying colours, styling and detailing. This trend is emerging across all categories (men’s, women’s and kids).

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Perceived as an alternative trend against fast fashion, ‘sustainable fashion’ or ‘eco-friendly’ fashion is the fastest growing design philosophy and trend across the globe today. The goal here is to create a system which can be supported indefinitely in terms of human impact on the environment and so-cial responsibility. shop

The Growth Drivers

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