Jhanvi Kapoor became the brand ambassador of Nykaa Fashion

Nykaa Fashion on Tuesday (November 8) announced Bollywood actress Jhanvi Kapoor as its brand ambassador. Janhvi will now be seen for the first time in a campaign film 'One Nykaa Two Apps: Two Apps, Double the Fun'. Till now Jhanvi was seen in the ads of 'Nayaka Beauty' only.
However, the actress will now be seen promoting Nykaa Fashion as well. That's why the campaign has been named 'One Nykaa Two Apps: Two Apps, Double the Fun'. Ads for this campaign of Nykaa have also been released on social media including YouTube.
Advaita Nair, Co-Founder of Nykaa and CEO of Nykaa Fashion said that Janhvi is a truly modern style icon who has already made a mark in the beauty game with Nykaa. Nayar further added, “I am looking forward to further strengthening my association with Jhanvi and creating brand love for Nykaa.”
Janhvi said that her relationship with Nykaa is very special not only professionally but also personally. As one of the millions of consumers, they have always felt empowered by the choices offered by the brand. Janhvi said, “I am a huge fashion enthusiast and I am extremely excited to partner with Nykaa Fashion.”
Nykaa Fashion is a multi-brand e-commerce fashion offering from Nykaa. It is one of the fastest-growing fashion platforms in India. It has over 1,600 brands and 5.1 million stock-keeping units across the women, men, kids and home categories to woo every consumer.
A few days back, Nykaa announced its second quarter (Q2FY23) results. The company's net profit for the quarter grew by 330% year-on-year to Rs 5.2 crore. The company's net profit in the same quarter last year was Rs 1 crore.
Nykaa opened 2 new fashion stores on 30 September 2022. With this, the company now has a total of 124 stores in 53 cities. After the announcement of the result, the stock of Nykaa is seeing good growth. On Monday, its stock closed at Rs 1,132, up by Rs 27.35 (2.48%).
Last month, the board of Nykaa announced bonus shares with a ratio of 5:1. That is, if an investor has one share of the company, then he will be given 5 bonus shares. The company has fixed a record date for this on November 11, 2022.
Shares of Nykaa were listed on BSE-NSE in November last year and the stock has lost over 48% since its debut in the market. The issue price of Nykaa's IPO was Rs 1,125.
On a listing day, Nykaa shares were listed at Rs 2,018 with a premium of 78% from the issue price. The company's 52-week high so far is Rs 2,573.70. At the same time, the market capitalization of Nykaa has gone up to Rs 56.28 trillion.