Naturals Salon, a leading Indian beauty chain with 900 outlets, is strategically navigating potential investment from Reliance. Current stake negotiations have stalled over ownership percentage, with Reliance seeking 51% and Naturals willing to part with only 49%. The company's CEO, CK Kumaravel, indicates a potential IPO by 2028 if current discussions do not progress. Naturals reported ₹450 crore gross merchandise value in fiscal 2025 and expects to reach ₹600 crore this year. The Indian beauty salon market, valued at $10.8 billion, is experiencing robust growth driven by younger consumers, rising incomes, and increased workforce participation of women. Naturals plans aggressive expansion, targeting 100 new salons in dense urban clusters this year, positioning itself strategically in a rapidly evolving market landscape.
