Nykaa opens its first lingerie and activewear store in New Delhi

19 Aug 2022 , 10:17 AM

Nykd by Nykaa, the lingerie and activewear division of Nykaa Fashion, opened its first flagship location in the Rajouri Garden neighborhood of New Delhi.
.

The retailer sells the company’s loungewear, athleisure, sleepwear, and undergarments. focusing on immersive, interesting, and technologically advanced shopping experiences.
.

The almost 2,000-square-foot store will provide customized fitting sessions to assist customers in selecting the product most appropriate for their body type.
.

In the first quarter of FY23, Nykaa reported an increase in net profit of 42% to Rs 5 crore and an increase in total revenue of 41% to Rs 1,157 crore.
.

The parent company of Nykaa, FSN E-Commerce Ventures, based in Mumbai, reported that while its overall revenue increased sequentially by 18%, its profit fell by a quarter over quarter by 25%.