Nykaa reports record profit as beauty sales drive growth
Nykaa posted a record profit of 783.8 million rupees as beauty sales rose 27 percent. Higher margins and a turnaround in fashion helped drive the quarterly results.
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FSN E-COMMERCE VENTURES LTD reported a record 783.8 million rupee ($8.2 million) quarterly profit as beauty demand surged in India. The result nearly quadrupled from the previous year, marking the retailer's strongest performance since its 2021 listing. The company has shifted from aggressive expansion toward a margin-focused strategy that leverages premium in-house labels.
