India's Nykaa expects festival-driven strong demand in current quarter

India's Nykaa expects festival-driven strong demand in current quarter

Photo: Nykaa

Indian cosmetics-to-fashion retailer Nykaa said on Friday it expects stronger demand for its products in the current quarter after a ‘subdued season’ where inflationary pressures dented consumer spending.

The upcoming festival season, which extends till the end of the year, would further boost consumer demand for beauty, personal care and wellness products, that Nykaa said was already showing early signs of recovery.

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