Fashion

FSN E-Commerce Ventures Ltd., the operator of the Nykaa brand, delivered a robust financial performance in the third quarter, reporting a sharp rise in net profit to Rs. 63 crore. The improvement was driven by steady revenue growth, tighter cost controls, and sustained consumer demand across beauty, personal care, and fashion segments. Margin expansion and operating leverage played a key role in strengthening the bottom line, even as the broader consumer market remained selective.

French beauty major L’Oréal has announced an investment of Rs. 3,500 crore to establish a Global Capability Center (GCC) in Hyderabad, reinforcing India’s growing importance in the company’s global operations. The new facility is expected to support technology, research, digital innovation and business services, serving markets worldwide. The move highlights Hyderabad’s emergence as a preferred destination for high-value global centers, driven by skilled talent, digital infrastructure and policy support.

Shares of FSN E-Commerce Ventures Ltd, the parent company of beauty and fashion retailer Nykaa, surged on Monday following the release of its quarterly earnings report that surpassed market expectations. The company’s strong revenue growth, improving profit margins, and steady expansion in its fashion and beauty segments boosted investor confidence. Market participants viewed the performance as evidence of a successful post-pandemic recovery strategy, underpinned by robust consumer demand and operational efficiency.

FSN E-Commerce Ventures Ltd, the parent company of Nykaa, reported a sharp 63% year-on-year surge in consolidated net profit to Rs 34 crore for the September quarter (Q2 FY25), driven by robust consumer demand across its beauty and fashion verticals. Revenue from operations climbed 22% to Rs 1,856 crore, buoyed by higher order volumes, improved operating leverage, and strong festive season momentum.

Kiaasa Retail, a prominent player in India’s apparel and lifestyle segment, has formally filed draft papers with the capital markets regulator to initiate its Initial Public Offering (IPO). The proposed listing underscores the company’s strategy to bolster its financial foundation, drive expansion, and strengthen its retail footprint across the country. As consumer spending revives and organised retail gains momentum, Kiaasa’s IPO move signals confidence in India’s consumption story.