π Nykaa's Q1 Profit Jumps Over Threefold
Nykaa reported a significant spike in its net profit for the first quarter. This growth was achieved by FSN E-Commerce Ventures, which runs the beauty and fashion retailer, in the quarter ending June 30. The consolidated net profit reached Rs 80.01 crore, up from Rs 23.32 crore a year prior. Revenue from operations also jumped by more than 29% year-on-year to Rs 2,782 crore. Investors are now watching to see if Nykaa can maintain this strong growth trajectory while boosting profitability.