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All looks take a backseat when a man has loads of money in the bank.
Also, in general, smelling good always helps
It's no brainer

This profession doesn't require intelligence or merit, but appearance, contacts, social standing only.
to answer your query - YES.

Its not limited to promotions, even hiring is biased lol.
Buddy not just in Firms but life in general. Good looks+ Well Spoken+ Good Dressing sense always works out. This is one of the reasons why Jindal kids have it easy.
Do pretty girls and handsome guys get better opportunities and faster promotions? I've heard rumours of this happening in T1 firms.