F&B

72% of CoD are Rs. 2,000 notes: Zomato jokes

Roastea opens at Palladium Ahmedabad

Burger King awaits Spiderman

Vijay Deverakonda creates signature dish at Cream Stone

Barista opens 25th cafe in Sri Lanka

Pizza Hut launches AI powered mood detector

E-Commerce

FirstCry opens 8,000 sft store – largest in India
Babycare

FirstCry opens 8,000 sft store – largest in India

April 1, 2023
Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues
E-Commerce

Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues

December 15, 2022
Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x
E-Commerce

Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x

October 11, 2022
Vinod launches 100% Virgin Aluminium Cookware
Indian Ecomm

Vinod launches 100% Virgin Aluminium Cookware

January 21, 2022
No Result
View All Result
Sunday, May 28, 2023
  • Login
Retail Updates
  • FMCG
    • FMCG Food
      • Indian FMCG – Food
      • Regional FMCG – Food
      • StartUps FMCG – Food
      • International FMCG – Food
    • FMCG Non-Food
      • Indian FMCG Non-Food
      • Regional FMCG Non-Food
      • Startups FMCG Non-Food
      • International FMCG Non-Food
  • Fashion
    • Luxury
    • Womens’
    • Menswear
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • QSR
    • Traditional
    • Cloud Kitchens
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • Industry Info
    • Movements
      • People
    • Global
      • Apple
      • Nestle
      • Walmart
      • Starbucks
      • Shell
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Future Group
      • Reliance
      • Tata Group
      • Shoppers Stop
      • ITC
      • HUL
      • Marico
      • Britannia
      • Dabur
      • Patanjali
      • Reckitt
      • Colgate
    • Listed Cos.
  • Specialty Retail
    • Airports
      • AAI Airports
      • PPP Airports
      • International Airports
    • Travel Retail
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Beauty Services
    • Babycare
    • Liquor
    • CDIT
    • Grocery Retail
    • Pets & more
    • Home Improvement
    • Kidswear
    • Books
    • Athleisure
    • Pets & more
    • Leather
  • Opinions
    • Blogs
    • Videos
    • Interviews
    • Lockdown Impact
    • Editor’s Note
Retail Updates
No Result
View All Result
Lakme Salon Chain slips in to losses

Lakme Salon Chain slips in to losses

by Editor
June 13, 2021
in Cosmetics, FMCG Non-Food, HUL, Indian FMCG Non-Food, Salons
Reading Time: 2 mins read
0

Ever since the first lockdown that began in Mar. ‘20, most services retail businesses such as salons, restaurants among others, have slipped in to the red. In India, there are an estimated 65 lakh barber shops and beauty parlours of which less than 10% of them fall under the organised segment. Among those is HUL owned and run Lakme Salons.

The 485 salons strong retail network of Lakme slipped to a loss of Rs. 19 Crores on a turnover of Rs. 230 Cr. during FY 20-21 as against a profit of Rs. 6 Cr. over a turnover of Rs. 284 Cr. during the same period in the previous year. The Salon Industry in India is estimated to be Rs. 20,000 Cr pa.

YOU MAY ALSO LIKE

Colorbar plans massive expanion

Lakme opens flagship salon in Mumbai

Due to incessant lockdowns, many consumers have limited their visits to beauty parlours, especially since many offices have remained shut and are in the WFH mode. In smaller towns, where the company has a good network, consumers feared visiting salons due to an imminent spread of the virus from the stylists since most services happen in close proximity between people and especially within the confines of an a/c environment.

Lakme Lever has a total turnover of around Rs. 1,000 Cr pa which includes sales arising out of lipsticks, eye-liners among others. Mostly considered as discretionary purchases, these cosmetics have seen a much lower offtake during the pandemic year that was FY 20-21. In the current financial year, things don’t look any better, especially with Q1 written off with lockdowns at most top cities in India.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Skype (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

Like this:

Like Loading...

Related

Tags: beautyCosmeticsFashionHULlakmesalonSpecialty Retail
ShareTweet

Related Posts

Colorbar plans massive expanion
Accessories

Colorbar plans massive expanion

May 19, 2023
Lakme opens flagship salon in Mumbai
Salons

Lakme opens flagship salon in Mumbai

April 26, 2023
Retail brand “Jawed Habib” faces its worst crisis
Salons

Retail brand “Jawed Habib” faces its worst crisis

January 25, 2022
The Lipstick Effect – Estee Lauder grows 13% yoy during the Pandemic year!
Cosmetics

The Lipstick Effect – Estee Lauder grows 13% yoy during the Pandemic year!

August 21, 2021
Actress Keerthy Suresh launches her new Cosmetics line of products
Cosmetics

Actress Keerthy Suresh launches her new Cosmetics line of products

August 21, 2021

Specialty Retail

Just Watches acquired by Timex
Watches

Just Watches acquired by Timex

by Editor
May 25, 2023
0

Just Watches, a retail chain from Mumbai with over 75 stores has been acquired by US-based TIMEX group

Read more
Kalyan Jewellers crosses Rs. 14,000 Cr annual revenues

Kalyan Jewellers crosses Rs. 14,000 Cr annual revenues

May 24, 2023
Lifestyle celebrates 100th store “landmark”

Lifestyle celebrates 100th store “landmark”

May 18, 2023

FMCG & Grocery

ITC Foods expands millet portfolio

Bira91 partners with Mumbai Indians

D2C brand Masqa launches new range of chocolates

Entertainment

NY Cinemas opens in Guwahati
Multiplex

NY Cinemas opens in Guwahati

by Editor
May 15, 2023
0

Bollwood actor Ajay Devgn owned NY Cinemas, the multiplex chain has opened its cinema at Assam. The facility is located...

Read more
PVR Cinemas admits reduce in Q3 compared with 2019

PVR Inox launches special shows for Re.1/-

April 20, 2023
PVR opens at Chennai Airport

PVR opens at Chennai Airport

March 9, 2023

Search

No Result
View All Result

Who We are…

Retail Updates strives it’s best to curate the latest in the world of Retailing from across the world and offers insights and analyses.

  • FMCG
    • FMCG Food
      • Indian FMCG – Food
      • Regional FMCG – Food
      • StartUps FMCG – Food
      • International FMCG – Food
    • FMCG Non-Food
      • Indian FMCG Non-Food
      • Regional FMCG Non-Food
      • Startups FMCG Non-Food
      • International FMCG Non-Food
  • Fashion
    • Luxury
    • Womens’
    • Menswear
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • QSR
    • Traditional
    • Cloud Kitchens
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • Industry Info
    • Movements
      • People
    • Global
      • Apple
      • Nestle
      • Walmart
      • Starbucks
      • Shell
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Future Group
      • Reliance
      • Tata Group
      • Shoppers Stop
      • ITC
      • HUL
      • Marico
      • Britannia
      • Dabur
      • Patanjali
      • Reckitt
      • Colgate
    • Listed Cos.
  • Specialty Retail
    • Airports
      • AAI Airports
      • PPP Airports
      • International Airports
    • Travel Retail
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Beauty Services
    • Babycare
    • Liquor
    • CDIT
    • Grocery Retail
    • Pets & more
    • Home Improvement
    • Kidswear
    • Books
    • Athleisure
    • Pets & more
    • Leather
  • Opinions
    • Blogs
    • Videos
    • Interviews
    • Lockdown Impact
    • Editor’s Note

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
 

Loading Comments...
 

    %d bloggers like this: