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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Both beauty and personal care companies just delivered their June-quarter results. Their numbers hide more than they reveal.
On the face of it, Nykaa and Honasa Consumer would have you believe that things have never been better. The two publicly listed beauty companies reported their quarterly results on Tuesday and both narrated a story of growth and new highs.
Let’s talk about Nykaa first. Parent FSN E-Commerce Ventures posted Rs 2,155 crore ($264 million) in revenue from operations for the quarter ended June 2025, up 23% from the year-ago period. Meanwhile, its net profit jumped 79% and stood at Rs 24 crore ($2.7 million).
In the same quarter, Honasa, which is better known by its flagship brand Mamaearth, …
The department store chain’s only growth engine is powered by distribution, not stores—raising questions about sustainability and profitability.
Back-to-back strong quarters have reset expectations for the beauty and personal care company. Has the Mamaearth parent truly left its troubled past behind?
Their earnings define consumption amidst disruption in a roller-coaster quarter. Separately, the fragile Iran ceasefire has begun to fray.
