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Nykaa Expects Strong Growth as Shoppers Keep Spending on Luxury Beauty

Indian beauty retailer Nykaa said it expects its rapid growth to continue as it expands into smaller cities and shoppers continue to favour premium brands.
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India’s top beauty retailer FSN E-Commerce Ventures Ltd., which operates Nykaa, expects rising affluence to fuel its fast-paced growth in a nascent market as global brands from Dior to Shiseido and Tom Ford lure buyers even in the smaller cities.

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