India's Nykaa posts profit surge on strong demand for beauty products
21/05/2026 11:49
May 21 (Reuters) - Indian fashion-to-beauty retailer Nykaa FSNE.NS posted a near-four-fold jump in quarterly profit on Thursday, driven by strong demand for skincare and makeup products. The company, formally known as FSN E-Commerce Ventures, posted a profit of 783.8 million rupees ($8.2 million) for the quarter ended March 31, compared to 202.8 million rupees a year ago. ($1 = 96.2000 Indian rupees) (Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala) ((Kashish.Tandon@thomsonreuters.com; 8800437922;))
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