Nykaa’s Q3 net profit jumps 52% to Rs 26.4 crore

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FSN Ecommerce, the parent company of fashion and beauty retailer Nykaa, reported a 51.7% year-on-year (YoY) increase in consolidated net profit for the third quarter of the current financial year, reaching Rs 26.4 crore, driven by consumer growth and strong festive season sales.The Mumbai-based company’s operating revenue grew 26.7% YoY to Rs 2,267.2 crore, while its gross merchandise value (GMV) increased 25% to Rs 4,527.9 crore during the quarter.

Speaking on an earnings call, Anchit Nayar, CEO of Nykaa Beauty, attributed the growth to continued…



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Nykaa’s Q3 net profit jumps 52% to Rs 26.4 crore


FSN Ecommerce, the parent company of fashion and beauty retailer Nykaa, reported a 51.7% year-on-year (YoY) increase in consolidated net profit for the third quarter of the current financial year, reaching Rs 26.4 crore, driven by consumer growth and strong festive season sales.The Mumbai-based company’s operating revenue grew 26.7% YoY to Rs 2,267.2 crore, while its gross merchandise value (GMV) increased 25% to Rs 4,527.9 crore during the quarter.

Speaking on an earnings call, Anchit Nayar, CEO of Nykaa Beauty, attributed the growth to continued…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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