Indian beauty products retailer Nykaa’s profit surges on demand for premium products
Indian beauty products retailer Nykaa, on Friday, posted a fourth-quarter profit that nearly tripled year on year as premium brands continued to attract urban consumers. The company, listed as FSN E-Commerce Ventures, said its consolidated net profit rose to 202.8 million rupees ($2.4 million) in the quarter, from 69.3 million rupees a year ago. Nykaa’s
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