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Beauty Firm Nykaa’s Quarterly Profit Jumps 33.2%
Beauty Firm Nykaa’s Quarterly Profit Jumps 33.2%

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Nykaa’s parent company reported a 33.2% rise in first-quarter net profit on Friday.

Bengaluru:

The cosmetics-to-fashion retailer Nykaa’s parent company reported a 33.2% rise in first-quarter net profit on Friday, boosted by strong demand for its products.

Consolidated net profit for FSN E-Commerce Ventures Ltd stood at 45.5 million rupees ($574,582.01) for the quarter ended June 30, compared with 34.2 million rupees a year earlier.

Revenue rose 40.6% to 11.48 billion rupees.

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