Indian beauty brands face slowed growth, turning to new sales channels amid market saturation.

Beauty and personal care brands in India, such as Plum Goodness and Wow Skin Science, are facing slowed growth due to market saturation and increased competition from direct-to-consumer brands. E-commerce sales growth for beauty products has dropped to 20-25% from a previous 50-60%. To boost sales, companies are now expanding into quick commerce channels and offline retail, focusing more on profitability.

November 10, 2024
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