Nykaa shares drop despite strong Q4 performance

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Nykaa parent FSN E-commerce saw shares decline in early trade as Indian market opened with losses on Monday. The counter opened 2% lower at Rs 199 against the previous closing of Rs 203.26 on the BSE. It was trading at Rs 201.26 as of 9:53 am.

The beauty and fashion retailer posted strong March quarter numbers last Friday, with nearly doubling to Rs 19 crore. The Mumbai-based company’s operating revenue rose 23.6% year-on-year to Rs 2,016.7 crore for the fourth quarter, up from Rs 1,667.9 crore, driven by customer acquisition, brand partnerships,…



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Nykaa shares drop despite strong Q4 performance


Nykaa parent FSN E-commerce saw shares decline in early trade as Indian market opened with losses on Monday. The counter opened 2% lower at Rs 199 against the previous closing of Rs 203.26 on the BSE. It was trading at Rs 201.26 as of 9:53 am.

The beauty and fashion retailer posted strong March quarter numbers last Friday, with nearly doubling to Rs 19 crore. The Mumbai-based company’s operating revenue rose 23.6% year-on-year to Rs 2,016.7 crore for the fourth quarter, up from Rs 1,667.9 crore, driven by customer acquisition, brand partnerships,…



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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