Nykaa Revenue Surges, Profit Doubles in Second Quarter
The company, which retails an array of brands such as Estée Lauder and actor Katrina Kaif's Kay Beauty both online and offline, said profit rose to 233.2 million rupees ($2.66 million) for the first quarter ended June 30, from 96.4 million rupees a year ago.
Indians, especially the affluent, have not shied away from spending on skincare and cosmetics — a category that outperforms others even during a consumption slowdown — helping prop up the $28-billion beauty and personal care industry in India.
Nykaa added brands such as luxury offering Chanel, Korean skincare label Aestura and sunscreen maker Supergoop to its product line-up, lifting revenue in its beauty business 24 percent to 19.75 billion rupees.
The growth was driven by a focus on reaching more customers across online and offline stores and offering higher-end products, Nykaa said.
That, coupled with a 15 percent rise in its fashion business, which sells apparel and accessories from brands such as Victoria's Secret and Titan's Mia, pushed overall revenue up 23 percent at 21.55 billion rupees.
By Praveen Paramasivam; Editor: Janane Venkatraman
Learn more:
Inside the Indian Beauty Retail Wars
The battle for exclusive international beauty launches is intensifying as Nykaa, Tira and more set their eyes on expansion.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Magic Moments maker ties up with Bollywood star Shah Rukh Khan to launch premium tequila
By Chandini Monnappa and Hritam Mukherjee (Reuters) -Radico Khaitan, the maker of "Magic Moments" vodka, will invest up to $4.56 million and team up with Bollywood actor Shah Rukh Khan and Zerodha co-founder Nikhil Kamath to launch a premium tequila brand, marking its foray into the category. The Indian liquor maker, known for premium offerings such as Rampur Indian Single Malt and Jaisalmer Indian Craft Gin, will roll out the brand D'YAVOL Añejo — a premium spirit made from agave and aged about two years in wine casks. D'YAVOL, a luxury brand founded in 2022 by Shah Rukh Khan's son Aryan Khan, along with Leti Blagoeva and Bunty Singh, is headquartered in Amsterdam and offers vodka, blended malt Scotch whisky and premium streetwear. D'YAVOL Añejo is set to launch by December and depending on state excise duty, will be priced between 20,000 rupees ($228.21) and 30,000 rupees, Radico Khaitan Managing Director Abhishek Khaitan told Reuters on Tuesday. The launch comes as affluent Indians increasingly splurge on everything from luxury dining to premium alcohol, housing and cars. Alcohol sales in the country, according to data from analytics firm Crisil, are projected to grow as much as 10% to $61.35 billion in fiscal 2026. Tequila is one of the fastest growing segments globally and India is catching on very fast. The market size in the country is about 300,000 cases, out of which 15% is the Añejo (Spanish word meaning 'aged') category, Khaitan said. "We believe that in the next five years, tequila can reach a volume of about a million cases in India plus global market, so I think it was a great opportunity," he said. Under the partnership, Radico Khaitan and Shah Rukh Khan's family will each hold a 47.5% stake in the venture, while Kamath will own 5%. The deal also underscores the fierce competition in mass and premium liquor segments. Just three weeks ago, peer Tilaknagar Industries bought the "Imperial Blue" whisky brand from Pernod Ricard for $486 million. ($1 = 87.6370 Indian rupees) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Business News
5 hours ago
- Time Business News
What Are the Most Popular Types of Silver Earrings in India?
There's something special about silver earrings that nothing else can imitate. They don't only make you look great, they feel great. They're that last ingredient that makes your face, your attitude, and sometimes even your entire day. In India, silver earrings are not merely accessories. They're who we are. We have grown up watching our mothers wear them along with sarees, we purchase our first pair out of pocket money, we go for them when we need to dress up without being too boisterous. Silver has been loved and adorned since centuries and has a rich history with immense health and other benefits. And though silver earrings for girls is an ode to classic Indian designs, designs in the current times are tweaked for today's women. Let's walk through the most popular styles of silver earrings in India that every woman must have. One kind of silver earring that is widespread across India, from Kashmir to Kanyakumari is the beautiful jhumka earrings. They are trendy, fresh, loved, and foes with almost anything. It's impossible to think of Indian jewelry without having a silver jhumka in your collection. Especially the oxidized ones are pure loved silver jewellery for women in India. From a college girl to a business woman, you ask one, they have it. But the designs are something that can vary as per the choices and preferences. There are jhumkas that have ghungroos that jingle as you move. There's domed carvings, temple-inspired details, or a flower filigree. Something or the other makes it unique and special. The most loved oxidized earrings have a rough, vintage finish and goes well with both traditional and indo-western style. That's the magic of a good jhumka. If you don't have a silver jhumka, this is your sign that you should have at least one beautiful pair. Days when you do not wish to dress up or have a lot of accessories on you, then you can have silver earrings design in stud. Or if you are a classic, minimal lover then stud earrings are sure shot to be your best friends. They make you feel easy, light, and comfortable. They're small, sure, but nicely designed. There are floral patterns, tribal designs, geometric engravings, and even tiny replicas of big-traditional earrings, all moulded into neat, tidy little things. They suit work clothes, college, pub outings, or even lounging at home. The best part of silver stud earrings is their versatility as anyone can wear it. It suits every face type, every style, and even women of all ages can wear it. If you wish to carry a neckpiece, and want a lighter face look, then studs are your way to go. If you've heard the song, 'Yeh teri chaand baaliyan', this is the style that they were talking about. Just uttering the word 'chandbali' sounds opulent, doesn't it? It translates to mean moon earrings as they are crescent shaped earrings. They have been a part of royal history, adorned by queens and courtesans for centuries, and since then, it has kept up its royal appearance. It's the perfect choice if you wish to dress up simple, elegant, and dreamy.. Bold but classy. Old-fashioned but modern. The trimming usually features two levels, beaded details, and crescent shapes that follow smoothly around your earlobes. Because with them you're suddenly not just dressed, you're glowing. Danglers are earrings that move. They're your feisty best friend, constantly flowing, twirling, and reminding you to wake up a bit. They come in stunning, hand-finished designs that dangle elegantly and reflect light whenever you turn your head. They're either straight and sleek or layered or finished with a sleek look. What's unique about danglers is their energy. They might not give a statement look that goes with every style, but they are just right in everything quirky or different that you dress up in. They are somewhere in between being understated and making a statement. So whether it is a simple family gathering, an office celebration or just a casual festive outing, dangler earrings are just the thing you must have if you want to add a confident touch to your look without adding any efforts. They appear particularly beautiful with open hair and light make-up. If you feel adventurous, experiment by combining danglers with silver anklets or a statement ring by Zalkari. The outcome is a soft, ethereal look that just feels right. Let's be real, everybody needs a good set of hoops. They're the blue jeans of earrings. They look great in every mood, every outfit, and every plan. But silver hoops? They add a completely different vibe. They're sophisticated, natural, and interchangeable in a way that most earrings are not. Hoop earrings are a breeze to wear and yet a cakewalk to style. Wear them with a tee and denims, or with a saree and sneakers. They have a balanced approach where they do not seek attention nor go unnoticed. And that is why, if you have one in your bag, you can switch from a casual gathering to an evening party with just one addition. If you adore earrings but desire something unique, something quirky, consider a silver ear cuff. They have unusual designs that wrap around your ear, sometimes even without piercing. Irrespective of your piercings, you can adjust them securely on the curve of your ear and you are sure to make heads turn to this beauty! Times when you do not wish to wear necklace or any other jewelry yet make a bold statement, ear cuffs are your perfect choice. Maybe a leaf design, one with vines, serpent, or stars, they beautify your ear and make you feel empowered, bold, yet elegant. The plus point? They go wonderfully well with Indian and Western outfits both. A black-on-black ensemble, a striking lip color, and a silver cuff on the ear, it's a complete look in itself. And for those who detest the weight of the conventional earring, cuffs are an excellent option. Balis are those adorable round earrings that hug the ear. You must have noticed your mom or nani wearing them every day, easy to put on, eternally chic in appearance, and just so comfortable. Silver balis pick up on that heritage and give it a bit of polish. These are earrings that you can sleep in, fly with, or wear every single day without hesitation. They're available in oxidized textures, fine etching or smooth curves hugging your ear just right. You'll love how earthy balis are. They don't have to prove anything. They simply quietly improve how you look without any drama or hard work. These can be paired with kurtis, t-shirts, sarees, or even nightwear. And if you don't feel like dressing up but feel like you have accomplished something, then just go for your balis and some eyeliner. You can conquer the world. Now, if you happen to be a fan of dainty jewellery, threaders will be your best thing. They are dainty silver chains that wrap around your ear and hang delicately on either side. They have discreet ends such as drops, discs, or small charms, and are almost featherlight when worn. Threaders are ideal for special events or a day when you wish to have a crisp, minimalist look. Wear them with smooth buns, co-ord outfits, or even a simple white kurta. They add a contemporary edge to classic silver and once you wear them, you'll wonder why you didn't earlier. So the next time you grab an accessory, pass on the flash items. Go with silver. Go with something authentic. Go with something that feels like you. TIME BUSINESS NEWS
Yahoo
6 hours ago
- Yahoo
Indian rupee ends flat as market awaits key inflation data in US and India
By Ashwin Manikandan MUMBAI (Reuters) - The Indian rupee was largely unchanged on Tuesday with traders in "wait and watch" mode awaiting the release of key inflation data in the U.S. and India later in the day, which could provide clues on the interest rate trajectories in the two economies. The local currency unit closed marginally 0.06% higher at 87.7125 against Monday's close of 87.6600. India's consumer price index (CPI) data for July is expected to show inflation at its slowest pace in at least eight years. The U.S. July data, due after the release of India's report, is expected to show that core inflation rose at the pace of 0.3%. The recent weaker-than-expected U.S. jobs report has bolstered bets that the Federal Reserve will cut rates next month, with investors pricing in a 90% chance of a rate cut in September. However, U.S. President Donald Trump's tariffs have added uncertainty to the inflation outlook, complicating the Fed's policy path, which makes the inflation data on Tuesday crucial for clues about the interest rate trajectory in the world's largest economy. "Traders are avoiding any unwarranted bets ahead of the inflation data releases," said Dilip Parmar, forex analyst at HDFC Securities. Trump's scheduled meeting with Russian President Vladimir Putin on Friday has also prompted the market to be cautious, with traders avoiding any reckless bets owing to the global geopolitical uncertainties, Parmar added. Most Asian currencies, too, stayed flat against a steady dollar. The U.S. dollar index was marginally higher at 98.54 at 1035 GMT. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
