Nykaa's quarterly profit grows three-fold on strong festive demand

Nykaa's quarterly profit grows three-fold on strong festive demand

FSN E-Commerce Ventures Ltd, which runs online fashion retailer Nykaa, on Tuesday reported a 350% jump in quarterly profit buoyed by strong demand for its products ahead of the festive season in India.

Consolidated net profit stood at Rs 5.2 crore for the quarter ended Sept 30, 2022, compared with Rs 1.17 crore in the same quarter a year earlier. The company’s quarterly revenue from operations recorded a 39% year-on-year increase to Rs 1,230.8 crore.

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