Indian cosmetics-to-fashion retailer Nykaa’s parent company reported a 33.2 percent rise in first-quarter net profit on Friday, boosted by strong demand for its fashion products. The TGP-backed company, which dominates the domestic online beauty and personal care space with nearly 30 percent market share, has been on an acquisition spree and recently ventured into men’s innerwear and athleisure category with a new brand.Nykaa in November 2021 made a strong market debut, fetching the country’s first women-led unicorn a valuation of nearly $14 billion (roughly Rs.
Nykaa Reports Profit Jump, Announces Acquisition of LBB: Details
