Nykaa Reports Profit Jump, Acquires LBB to Sharpen Position as Discovery-Led Retailer

Nykaa Reports Profit Jump, Acquires LBB to Sharpen Position as Discovery-Led Retailer

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…