So Arisia can be a very interesting segment. It was started to create awareness of their botox segment. I was the one who had asked about it on last concall. He had earlier guided to open more centres with a franchise model, but only once his first centre unit economics stabilise.
Skin clinics are a super tough business to run, look at Kaya for eg. He is smart to have not opened more centres until profitability is achieved. But if they do things right, manage to open multiple centres, this could reach upto maybe 5-10% of revenues in the long run, consider it to be optionality for now
Disclosure- invested, recommended, one of my largest positions
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