Nykaa reports 79% rise in Q1 net profit

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FSN E-Commerce, the parent of online beauty and fashion retailer Nykaa, reported a 79% rise in fiscal first quarter consolidated net profit at Rs 24.47 crore, compared to Rs 13.64 crore a year earlier.

Revenue from operations grew 23% to Rs 2,155 crore in the three months ended June from Rs 1,746 crore a year earlier.

“The growth is very deliberate. It’s not coming easily because of the global conditions and Nykaa is doing a lot of optimisation strategies,” Falguni Nayar, executive chairperson, managing director and CEO at Nykaa, said on a…



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Nykaa reports 79% rise in Q1 net profit



FSN E-Commerce, the parent of online beauty and fashion retailer Nykaa, reported a 79% rise in fiscal first quarter consolidated net profit at Rs 24.47 crore, compared to Rs 13.64 crore a year earlier.

Revenue from operations grew 23% to Rs 2,155 crore in the three months ended June from Rs 1,746 crore a year earlier.

“The growth is very deliberate. It’s not coming easily because of the global conditions and Nykaa is doing a lot of optimisation strategies,” Falguni Nayar, executive chairperson, managing director and CEO at Nykaa, said on a…



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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