Tech
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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