Nykaa Profit More Than Triples as Fashion Sales Surge
FSN E-Commerce Ventures, which runs Nykaa, reported quarterly profit rising more than three-fold to 800.1 million rupees for the quarter ended June 30, driven by faster beauty growth and a sharp pickup in fashion sales. Revenue from operations increased over 29% to 27.82 billion rupees, beauty net sales value grew 29%, and fashion net sales value surged 54%, turning the fashion segment EBITDA-positive.