FSN E-Commerce Ventures, the parent of Indian beauty products retailer Nykaa , posted a quarterly profit on Tuesday that more than doubled, benefiting from new brand tie-ups and steady demand for makeup and skincare.

The company, which retails an array of brands such as Estee Lauder and actor Katrina Kaif's Kay Beauty both online and offline, said profit rose to 233.2 million rupees ($2.66 million) for the first quarter ended June 30, from 96.4 million rupees a year ago.

Indians, especially the affluent, have not shied away from spending on skincare and cosmetics — a category that outperforms others even during a consumption slowdown — helping prop up the $28-billion beauty and personal care industry in India.

Nykaa added brands such as luxury offering Chanel , Korean skincare lab

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