The burgeoning middle class, driven by rising disposable incomes, urbanisation, and the pursuit of a better lifestyle, is exhibiting a noteworthy demand for beauty and wellness products and services, says Puneet Gulati, chief marketing officer, VLCC
VLCC has been betting big on growing our assisted channel (where beauty advisers offer consultation to consumers) across general trade and modern trade stores for our products. As a brand, VLCC has been under-indexed on the e-commerce channel and its strategy to gain its fair share includes acquisitions.
Also, the discretionary spends at the premium end have been rising despite the macro-economic challenges.
Storyboard18 caught up with Puneet Gulati, chief marketing officer, VLCC, to understand the trends in the skincare, beauty and wellness industry and how VLCC is capitalising on them.
Edited excerpts:
Q. What has VLCC been up to in 2023?