From YourStory
Center Owned by YourStory MediaNykaa's PAT soars 206% in Q2FY27 as beauty, quick commerce arm deliver strong performance
What's behind this
Amagi reported a Q2 net profit of Rs 75 crore, with revenue rising 27% year‑on‑year to Rs 475.82 crore. The SaaS firm launched four AI products during the quarter and said it will make selective investments while focusing on improving operating leverage and cash conversion. BusinessLine’s Q2 results roundup also noted that Amagi Media’s profit was up in the quarter.
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Nykaa also announced the acquisition of an 82% majority stake in Simply Nam, a cosmetics brand founded in 2020 by celebrity makeup artist Namrata Soni alongside Bozzil, a venture studio led by Hanna Strömgren Khan. The acquisition is expected to help Nykaa widen its premium makeup portfolio.
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Nykaa also announced the acquisition of an 82% majority stake in Simply Nam, a cosmetics brand founded in 2020 by celebrity makeup artist Namrata Soni alongside Bozzil, a venture studio led by Hanna Strömgren Khan. The acquisition is expected to help Nykaa widen its premium makeup portfolio.
