India, UK, UAE, 15th January 2026: Kay Beauty, the celebrated beauty brand co-founded by Katrina
Kaif and Nykaa, India’s largest beauty & lifestyle company announces its first collaboration to date – a limited-edition collection created with India’s leading couture label, Falguni Shane Peacock. Widely regarded as one of the biggest beauty x couture collaborations of the year, this partnership brings together two iconic names known for their high-octane glamour, intricate craftsmanship and global influence. Falguni Shane Peacock has long shaped the language of modern handcrafted luxury in India and beyond, and this collaboration unites both the brands’ shared commitment to community, artistry, heritage and elevated design, translating their signatures into collectible, wearable beauty.
Inspired by the opulence of the Gatsby era, the Kay Beauty × FSP collection reimagines the glamour of the 1920s through a contemporary lens. Each shade is inspired by India’s rich textile heritage, from the shimmers to the velvety richness of Mulberry Cashmere and the soft radiance of Champagne Brocade. Staying true to Kay Beauty’s kare-first approach, each formula is infused with skin-loving ingredients – the luxurious matte lipsticks are enriched with Brazil Nut Oil to deeply moisturize and protect the lips, and Vegan Collagen to hydrate, smooth and plump; while the face palettes feature Vitamin C (Rosa Canina Fruit Extract) for brightening and repair, along with Ceramide-rich Glutamate (Phytosteryl/Octyldodecyl Lauroyl) to strengthen the skin barrier and deliver lasting nourishment. The packaging is equally striking, featuring FSP’s signature metallic accents, intricate Art Deco motifs and a luxurious gold finish, designed to feel like unwrapping a piece of couture. Each product is packaged to feel like unveiling a keepsake -a piece that carries the spirit, artistry and opulence of the collection in every detail.
This limited-edition launch introduces an entirely new collection created exclusively for the Kay Beauty × FSP collaboration. The range features 12 full coverage, very luxurious matte bullet lipsticks which feel super lightweight and creamy on the lips and 2 statement face palettes, each crafted with FSP’s signature design language and rooted in the richness of Indian heritage. The face palettes bring together a highlighter, bronzer, shimmer blush and matte blush, offering a complete, multi-dimensional glow in one collectible compact. At the heart of the collection are two standout shades – Champagne Brocade for lighter skin tones and Mulberry Cashmere for deeper skin tones – brought to life through Katrina Kaif’s vision and the artistry of Falguni Shane Peacock. These shades headline the collaboration, offering consumers a wearable piece that elevates everyday beauty.
“The Kay Beauty × Falguni Shane Peacock collaboration is incredibly special to me,” says Katrina
Kaif, Co-Founder of Kay Beauty. “I have long admired Falguni Shane peacock’s work – their attention to detail, artistry, and the way they make every piece feel transformative has always inspired me. Makeup and fashion have always felt connected to me, and with this collection, I wanted to bring that vision to life – to offer our community something luxurious, wearable, and rooted in Indian design”
Katrina adds, “This collaboration is a celebration of craftsmanship, creativity, and self-expression. Each product reflects the artistry and thoughtfulness that both Kay Beauty and Falguni Shane Peacock stand for, and I hope it inspires people to embrace their individuality with confidence and joy.”
Adwaita Nayar, Co-Founder of Nykaa, Executive Director and CEO, Nykaa Fashion, and Head of Owned Brands, said, “Kay Beauty has consistently broken norms in the beauty space through a sharp focus on performance, innovation and an intuitive understanding of what consumers are seeking today. Known for its out-of-the-box thinking, the brand has continued to set trends by responding to cultural shifts and evolving preferences. Partnering with Falguni Shane Peacock, one of India’s most aspirational and influential couture houses, allows us to translate high fashion into beauty in a way that feels both elevated and accessible. At Nykaa, our focus has always been on building brands with strong creative intent and long-term value, and this collaboration reflects that commitment, bringing together design excellence, thoughtful formulation and storytelling to create something truly distinctive for our consumers”.
“We have always believed that beauty and couture share a common language – they both have the power to elevate how someone feels,” add Falguni Shane Peacock. “Collaborating with Kay Beauty gave us the freedom to bring our signature aesthetic into a new form, one that people can experience every day.”
Falguni Shane Peacock added, “For this collection, we focused on translating our design codes into subtle, modern details – from the colour stories to the textures to the ornate gold motifs. The goal was to create a line that feels luxurious yet effortless, a small touch of glamour that fits naturally into someone’s routine.”
This collaboration reflects a shared vision between Kay Beauty and Falguni Shane Peacock – celebrating craftsmanship and culture through makeup designed to feel like wearable art. The Kay Beauty × Falguni Shane Peacock limited-edition collection will be available as part of a global launch across key markets. In India, the collection will retail exclusively on the Nykaa website, Nykaa stores and KayBeauty.com, as well as select premium beauty partners. Internationally, it will be available at Space NK in the UK and at Nysaa in the UAE, marking one of Kay Beauty’s most expansive and anticipated cross-market releases to date.
Kay Beauty × Falguni Shane Peacock – Shade Details
| Product Category | Shade Name | Shade Description |
| Matte Lipstick | Champagne Brocade | Soft mauve pink nude |
| Mulberry Cashmere | Deep mulberry | |
| Crimson Silk | Classic red | |
| Runway Showstopper | Chic warm nude | |
| Autumn Drape | Warm terracotta brown | |
| Blush Zari | Soft rosy nude | |
| Celestial Noor | Decadent deep brown | |
| Chikankari Crush | Muted nude | |
| Peach Zardozi | Warm peach-coral nude | |
| Ruby Banarasi | Deep ruby red | |
| Peony Taffeta | Fresh floral pink | |
| Rani Rose | Regal rose pink | |
| Face Palette | Golden Dust | Tailored to flatter medium – deep skin tones |
| Ethereal Pearl | Tailored to flatter light – medium skin tones |
About Kay Beauty:
Founded in 2019, Kay Beauty is one of India’s leading makeup brands co-founded by Actor and Global Icon, Katrina Kaif and India’s leading beauty and lifestyle destination Nykaa. In just five years, it has emerged as one of India’s most loved and fastest-growing beauty brands. It has been recognized with prestigious accolades, including Vogue India’s Beauty Brand of the Year 2022 and several industry awards for innovation. With strong digital engagement and collaborations with leading beauty experts,
Kay Beauty continues to set new benchmarks in the Indian beauty landscape. Drawing from Katrina’s personal journey and experiences with make-up, each Kay Beauty product is designed to deliver results whilst nourishing the skin. Formulated with skin-loving ingredients like chamomile, marula oil, ceramides, lychee extract, and avocado butter, the brand’s #MakeupThatKares philosophy ensures a seamless blend of care, comfort, and long-lasting wear. Kay Beauty is more than just a makeup brand, it’s a movement that celebrates authenticity and encourages self-expression.
Built on the pillars of performance, care, and inclusivity, Kay Beauty champions the idea that beauty is not about conforming, it’s about embracing who you truly are. Because #ItsKayToBeYou. The brand is loved across the country right from key metro cities, to tier 2 and tier 3 markets, fulfilling order demands of 2.5 Million+ customers till date in India. Kay Beauty has also expanded its offline presence, retailing in over 700+ premium stores across the country. The brand is exclusively available on the Nykaa website and app, and at all Nykaa stores across India.
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About Nykaa:
Nykaa’s vision is to bring inspiration and joy to people everywhere, every day. Born from a desire to make beauty a mainstream choice, the Nykaa journey began in 2012 as a digital-first, consumer-tech beauty company. Falguni Nayar’s entrepreneurial leap with Nykaa tapped into an underserved beauty retail market, disrupting the ecosystem and putting India in the global spotlight. Today, Nykaa has expanded its offerings to include fashion and B2B, launching platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore. Nykaa has also expanded into the Middle East through its omnichannel beauty offering ‘Nysaa’.
Over the years, Nykaa has steadily captured the hearts of consumers, serving almost 49 million customers (as of 30 September 2025) through its online platforms and 265 offline beauty destinations (as of 30 September 2025), while building loyal communities through engaging and educative content. House of Nykaa – Nykaa continues to build its house of brands with a sharp focus on innovation and consumer delight.
Nykaa Cosmetics, Dot & Key, Kay Beauty, Nykaa Collections, Nykaa Wanderlust, Nykaa Perfumery, Earth Rhythm alongside celebrated fashion labels such as Nykd by Nykaa, KICA, 20 Dresses, RSVP, and Gajra Gang, have become household names, consistently delivering inspiration and highperforming products to consumers. Nykaa’s unwavering commitment to authenticity and customercentricity has cemented its position as the retailer of choice for international brands looking to enter the Indian market. With Nykaa’s Global Store, a gateway to some of the world’s most coveted brands, the company harnesses its powerful supply chain and marketing expertise to create a flawless shopping experience. Trusted by renowned global names like Charlotte Tilbury, Elf Cosmetics, Urban Decay, Foot Locker, Revolve, and Cider, Nykaa has empowered these iconic brands to connect with Indian consumers and make a lasting impact in the market.
Nykaa has been recognized with prestigious accolades, including a place in the TIME100 Most Influential Companies List and the Isidoro Alvarez Lifetime Achievement Medal at the World Retail Congress in Barcelona. Falguni Nayar, Founder and CEO, has also won personal honours such as EY Entrepreneur of the Year and Power Businesswoman by Forbes Asia.
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About Falguni Shane Peacock:
Falguni Shane Peacock have built a career in fashion by following their own set of rules. The secret of their success is the unique and unusual styling and attention to detail, they give to each design to create “Luxury”.
Falguni Shane Peacock is a globally acclaimed luxury couture brand known for its bold glamour, meticulous craftsmanship, and unmistakable maximalist DNA. Founded by designer duo Falguni Peacock and Shane Peacock, the house seamlessly fuses Indian artisanal heritage with international couture sensibilities.
The Falguni Shane Peacock brand carries the signature use of feathers, sequence and prints. Integral to the Peacock culture is the juxtaposition between contrasting elements: fragility and strength, tradition and modernity,fluidity and severity.Renowned for high-octane silhouettes, intricate hand embroidery, and dramatic detailing, the brand creates statement-making ensembles that command presence on global runways and red carpets. With a strong international celebrity following, a global showcase footprint, and its headquarters in New York, the brand operates at the intersection of global couture, and contemporary luxury.
At its core, the brand celebrates craftsmanship, innovation, and spectacle, continuously pushing boundaries while staying rooted in the artistry of Indian couture,to becoming a worldwide powerhouse of style.
About Apparel Group:
Apparel Group is a multibillion dollar conglomerate since 1996 based in Dubai, UAE, with a growing network of 2,500+ stores and a diverse portfolio of 85+ international brands across 14 countries. The Group has established a strong presence in the GCC—Bahrain, Saudi Arabia, Kuwait, Qatar, and Oman—and continues to expand across key markets including India, Southeast Asia, South Africa, and Egypt. Offering an integrated omni-channel experience, Apparel Group represents global names such as Tommy Hilfiger, Skechers, ALDO, Charles & Keith, and Tim Hortons. Its sustained growth is driven by a multicultural workforce of 27,000+ and steered under the leadership of its founders, Sima Ganwani Ved and Nilesh Ved.
About Nysaa:
At Nysaa, we are more than just a beauty omni-channel company; we’re a dynamic fusion of trends, technology, and timeless beauty. Born from a powerful collaboration between Nykaa and Apparel
Group, we’re here to redefine beauty standards in the GCC region. Discover a world of beauty with Nysaa as we bring you an exclusive selection of international brands. Our curated collection, enhanced by the insights of co-founder Selina Ved (Forbes 30 under 30), is a testament to our commitment to offering the best in global beauty trends.
