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ā¢ Nykaa will serve as the exclusive e-commerce partner for Foot Locker in India, with the company also operating Foot Locker's India website and retailing authorised merchandise on Nykaa's platforms.
ā¢ The volume of the sneaker segment in India is projected to reach 66 million pairs by 2028, with consumers seeking out unique designs that blend traditional Indian elements with modern trends.
ā¢ Nykaa's fashion business saw a 50% increase in net profit in Q2FY24, driven by strong demand.