Nykaa exceeded $1 billion revenue in FY26, with profit after tax tripling. In The Quest podcast, Adwaita Nayar and her father Sanjay Nayar discuss building Nykaa, lessons from four decades of investing, risk management, exits and mistakes. The episode traces the Nayars' careers, Falguni Nayar's entrepreneurial shift and Nykaa's evolution into a $10 billion company.
