Nykaa's credit rating reaffirmed by CRISIL on bank loan facilities

FSN E-Commerce Ventures (BSE:NYKAA), operating under the brand Nykaa, has announced the reaffirmation of its credit rating by CRISIL on its enhanced bank loan facilities. The rating, maintained at "Crisil A/Stable," reflects the company's solid business risk profile, supported by its established market presence in the e-commerce beauty sector, diverse product range, and prudent risk management policies. This rating applies to bank loan facilities enhanced to INR 178 Crore, up from INR 135 Crore. According to the rating agency, the rating is also backed by the company's strong financial risk profile and comfortable capital structure. While recognizing these strengths, CRISIL also noted that the rating is partially offset by exposure to increasing competition and working capital intensity, particularly as Nykaa seeks to stabilize its distribution and fashion e-commerce business. The information is available on the company's website.