Business · Companies · 3 hrs ago

Quick Commerce Gains Ground With India's Beauty Brands

Quick Commerce Gains Ground With India's Beauty Brands

Quick-commerce platforms are gaining ground with India's beauty and personal care brands as shoppers increasingly buy products through fast-delivery apps.

Sales of beauty products on these platforms have reached about $1 billion in annualised gross merchandise value and are growing by roughly 90% a year, according to Redseer.

Some brands now get more sales from quick commerce than from marketplaces, which were previously their leading online channel.

Moxie Beauty says quick commerce accounts for more than 30% of its sales, while Renee Cosmetics says its share has risen from about 3% to more than 13% in two years.

Brands are shifting more advertising money to quick-commerce apps as sales there increase, while marketplaces remain important for comparing products, reading reviews and discovering premium items.

The competition between the two channels is still unsettled, and brands are adjusting product sizes and marketing plans to serve both.

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What people are saying

Karan TauraniExecutive vice president at Elara Capital
Beauty has got a very premium gross margin, and higher EBITDA margin as compared to other categories.That is why quick commerce is also getting on this aggressively
via Inc42
Nikita KhannaCofounder of Moxie Beauty
A year ago it was a single-digit share of our revenue. Today, it has grown about 5x in absolute terms, faster than any other channel
via Inc42