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Nykaa Profit More Than Doubles Amid Beauty Demand Surge in India

Indian fashion-to-beauty retailer Nykaa posted a more than two-fold jump in quarterly profit on Thursday, helped by steady demand for brands like Estée Lauder and Kay Beauty.
Founded in 2012, Nykaa’s platform lists more than 1,200 brands ranging from makeup, skincare to health supplements and hair dryers. Shutterstock
Its biggest segment, beauty, posted a 27 percent rise in revenue to 26.22 billion rupees. (Shutterstock)

Indian fashion-to-beauty retailer Nykaa posted a more than two-fold jump in quarterly profit on Thursday, helped by steady demand for skincare and makeup products.

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