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Nykaa Revenue Surges, Profit Doubles in First Quarter

FSN E-Commerce Ventures, parent company of India’s largest beauty retailer, said its revenues lifted by 24 percent on demand for newly added brands like Chanel and Supergoop.
A Nykaa private label kiosk at the Mall of Travancore in Thiruvananthapuram, Kerala.
A Nykaa private label kiosk at the Mall of Travancore in Thiruvananthapuram, Kerala. (Nykaa)

FSN E-Commerce Ventures, the parent of Indian beauty products retailer Nykaa, posted a quarterly profit on Tuesday that more than doubled, benefiting from new brand tie-ups and steady demand for makeup and skincare.

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