Nykaa Q2 revenue up 25% to Rs 2,346 crore, net profit zooms 154%

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Beauty and fashion retailer Nykaa on Friday reported a 25% year-on-year (YoY) growth in its revenues for the July-September quarter, at Rs 2,346 crore. Its net profit also surged during this period.

The Mumbai-based company posted a net profit of Rs 33 crore during the quarter, 154% higher than the year-ago period. The growth in revenues and profits were primarily due to a revival in Nykaa’s fashion business, which saw 37% YoY growth in gross merchandise value (GMV), versus only 10% in the year-ago period.

“The renewed growth in Nykaa Fashion’s…



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Nykaa Q2 revenue up 25% to Rs 2,346 crore, net profit zooms 154%



Beauty and fashion retailer Nykaa on Friday reported a 25% year-on-year (YoY) growth in its revenues for the July-September quarter, at Rs 2,346 crore. Its net profit also surged during this period.

The Mumbai-based company posted a net profit of Rs 33 crore during the quarter, 154% higher than the year-ago period. The growth in revenues and profits were primarily due to a revival in Nykaa’s fashion business, which saw 37% YoY growth in gross merchandise value (GMV), versus only 10% in the year-ago period.

“The renewed growth in Nykaa Fashion’s…



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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