Nykaa’s Q3 net profit jumps 52% to Rs 26.4 crore

FSN Ecommerce, the parent company of fashion and beauty retailer Nykaa, reported a 51.7% year-on-year (YoY) increase in consolidated net profit for the third quarter of the current financial year, reaching Rs 26.4 crore, driven by consumer growth and strong festive season sales.The Mumbai-based company’s operating revenue grew 26.7% YoY to Rs 2,267.2 crore, while its gross merchandise value (GMV) increased 25% to Rs 4,527.9 crore during the quarter.

Speaking on an earnings call, Anchit Nayar, CEO of Nykaa Beauty, attributed the growth to continued…