Beauty scale

vishal gupta: Nykaa hires Unilever’s Vishal Gupta as Executive Vice President for Consumer Beauty Brands

FSN E-commerce Ventures, the parent entity of , has appointed Vishal Gupta as Executive Vice President for its consumer beauty brands.

Gupta, an alumnus of IIT Delhi and IIM Bengaluru, has nearly three decades of experience in the FMCG space. He joins Nykaa after a 25-year stint at Unilever, where he led large-scale campaigns. Gupta has worked at companies and brands in India, Indonesia, Southeast Asia and Russia. At Nykaa, he will lead the beauty retailer‘s private label businesses in cosmetics and skincare.

Commenting on Gupta’s appointment, Falguni Nayar, Founder and CEO of Nykaa, said, “Vishal has a responsibility to carry on Nykaa’s rich heritage, to take the brand to even greater heights and into the hearts of more consumers. . With his wealth of industry experience and passion for the beauty space, we are excited to see what Vishal has to offer.

Gupta said, “I look forward to building on existing brands and creating memorable new ones that will further contribute to meeting unmet consumer beauty needs.”

Gupta’s appointment comes just a day after Nykaa announced the resignation of Reena Chhapra, CEO of its private label division.

Earlier this month, Nykaa announced the launch of an incubation program called Beauty & You India, in partnership with the Estée Lauder Companies (ELC).

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Meanwhile, Nykaa’s net profit rose 42% year-on-year to Rs 5 crore in the June quarter, while total revenue soared 41% to Rs 1,157 crore.

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