As shares of Nykaa fell by 7.5% on Thursday, Founder and CEO Falguni Nayar said that she's focused on building a long-term sustainable business with an eye on profitability. Nykaa is "investing for the future" and has seen an increase in user base, she added. On Wednesday, Nykaa reported a 59.5% decline in its net profit for the October-December quarter.