News Summary

• FSN E-Commerce Ventures, the parent company of beauty and fashion retailer Nykaa, has confirmed it is in discussions to acquire a stake in skincare brand 82°E.
• The direct-to-consumer brand recorded a 30% year-on-year decline in revenue to Rs147m in FY25, while posting a loss of Rs122.6m.
• The broader beauty and personal care market in India is projected to grow to $34bn by 2028, from $20bn last year.