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VERIFIEDMint Markets·positive
Nykaa Q1 Results: Net profit surges over threefold to ₹80 crore on strong beauty demand
AI Summary
- ·Nykaa's parent company, FSN E-Commerce Ventures, reported a profit of ₹80 crore for the June quarter, a 226% year-over-year increase.
- ·Revenue for the quarter rose 29% year-over-year to ₹2,782 crore.
- ·Strong demand in skincare and makeup segments drove the company's growth.