October 13, 2026
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Motilal Oswal Financial Services (MOFSL) has initiated coverage on FSN E-Commerce Ventures, the parent company of Nykaa, noting its strong position as a leading specialty platform in India’s beauty and personal care (BPC) segment. Nykaa commands around 27% share of the online BPC market and differentiates itself through brand authenticity, trusted curation, content-driven Continue Reading

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