Nail Polish Business: India’s beauty industry is growing rapidly and nail polish business has emerged as a great option. Turnover of lakhs every month is possible from products like base, top, gel and matte nail polish. This is the best option for women.
Nail Polish Manufacturing Unit: India’s beauty industry is growing rapidly these days. The demand for nail care and nail art products is continuously increasing, especially in urban and semi-urban areas. In such a situation, the business of making nail polish has emerged as a big opportunity with small investment. This business not only provides jobs to women, but can also be started at the household level. A turnover of lakhs per month is possible with this unit prepared at low cost.
What is nail polish and how is it made?
Nail polish (nail enamel) is a type of liquid lacquer, which is applied to decorate and protect the nails. It is a mixture of organic polymers and many types of chemicals. It has many varieties, like base coat, top coat, gel polish and matte finish. The base coat helps strengthen the nails and help the color adhere. Top coat adds shine and durability by creating a hard layer on the nails. Gel polish dries with UV light and lasts up to 2 weeks. At the same time, matte polish gives a dull look without shine, which is in trend these days.
nail polish market in india
India’s nail polish market was worth about $88.6 million in 2018, which is expected to reach more than $143.6 million in 2024 or 25. IMARC Group estimates that this market could reach $1,014.65 million by 2033. This sector is growing at the rate of about 10% CAGR. The entry of brands like Nykaa, Purplle, Lakme and Maybelline has increased online sales manifold. Online retail, social media and rising nail art trends have taken this industry to a new level.
Machines required for making nail polish
To make nail polish, a diluter tank, mixer, filler and packaging machine are required. Whose total cost is ₹ 1,70,000 and 18% GST. According to this the total cost comes to ₹ 2,00,600. These machines can be easily purchased from ‘SL Machinery’, Mundka, Delhi.
Raw material for making nail polish
To make nail polish, raw materials like nitrocellulose, solvent, resin, antioxidant and pigment (eg manganese violet) are required. It costs an average of Rs 80-90 per kg.
Cost and Finance of Nail Polish Unit
Plant and Machinery- Rs 2.01 lakh
Furniture and fixtures- 30 thousand rupees
Working Capital- 10 thousand rupees
Own capital- 1.23 rupees
Bank Loan- Rs 2.08 lakh
Working Capital Loan- 9 lakh rupees
total- Rs 12.31 lakh
Labor and electricity required for nail polish unit
Salary of 1 Skilled Label- Rs 20,000
Salary of 2 unskilled labour- Rs 15,000 to Rs 30,000 each
Total monthly salary- Rs 50,000
Total annual salary- 6 lakh rupees
Electricity requirement- 5 KW connection
electricity bill- About ₹5,600 per month
Production Capacity of Nail Polish Unit
| Year | Production (KG) | utilization capacity | Sales (₹ lakh) |
|---|---|---|---|
| First | 36,000 | 50% | 59.40 |
| Second | 39,600 | 55% | 72.31 |
| third | 43,200 | 60% | 80.65 |
| fourth | 46,800 | 65% | 89.28 |
| fifth | 50,400 | 70% | 98.20 |
Note- There can be a turnover of around ₹ 15.84 lakh in the first year itself.
Profit of nail polish business
| Year | Sales (₹ Lakh) | Net Profit (₹ Lakh) |
|---|---|---|
| 1 | 59.40 | 2.50 |
| 2 | 72.31 | 2.59 |
| 3 | 80.65 | 3.15 |
| 4 | 89.28 | 3.55 |
| 5 | 98.20 | 3.92 |
License and registration required for nail polish manufacturing unit
- GST registration
- Cosmetic and Drugs Control License
- Fire and Pollution Clearance
- Trademark Registration (For Brand Name)
nail polish unit setup time
Buying or renting a place- in 1 month
Machine installation- 1 month
Staff hiring and training- 1 month
total time- 2 to 3 months
Disclaimer: This article is for informational and educational purposes only. The information and details given here have been taken from kviconline.gov.in. Before doing business, do your own research and take advice from your financial advisor or concerned department before taking any investment decision.
Read this also- Business Idea: Make Agra’s pride Petha your business, earn lakhs!
Read this also-Laundry Soap: Demand in every house, earning lakhs every year, know how to start laundry soap business