The company recently reported a 68 per cent YoY fall in net profit and is seeking to diversify its offerings and invest in AI and machine learning capabilities
The absence of a prominent leader other than Nykaa in the online space offers Reliance Retail's Tira brand sufficient headroom to position itself as a strong contender in India's burgeoning beauty and personal care industry
The country's leading retailer will now compete with the brands like HUL's Lakme, Nykaa, Tata and LVMH's Sephora in India's growing beauty and personal care marketplace