Nykaa

Nykaa, the leading Indian beauty and personal care retailer, has posted a strong performance in the third quarter, with net profit soaring to Rs 63 crore. The surge reflects the company’s continued momentum in online and offline sales channels, coupled with strategic cost management and expanding product portfolios. Revenue growth was supported by a diversified customer base and innovative marketing strategies.

In a significant update to its global equity benchmarks, MSCI has announced the inclusion of FSN E-Commerce Ventures Ltd (parent of Nykaa) and Coromandel International in its MSCI India Index, effective May 30, 2025. The move, stemming from MSCI’s quarterly review of its Global Standard Indexes, is expected to impact foreign fund flows into these stocks. Simultaneously, the MSCI Global Smallcap Indexes will see the addition of 11 new companies and the exclusion of 22, reflecting ongoing recalibrations in market capitalization thresholds and investor interest.