Highlights

  • Profit falls 95% for July-September quarter 
  • Revenue grows 47% in the same period 
  • Acquired Dot & Key Wellness in the quarter gone by

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Nykaa profit down over 90%, stock slides

Nykaa reported consolidated net profit of 1.2 crore for the quarter ending September, 2021

Online beauty retailer Nykaa reported profit of Rs 1.2 crore for the quarter ending September, 2021, down 95% from Rs 27 crore reported last year. Revenues however grew a healthy 47% to Rs 885.3 crore.

Also read| Myntra top brass exits; After CEO even the CFO and CMO quit

Profit came under pressure as Nykaa's operating expenses grew 92% to Rs 349.4 crore, led by a 286% increase in marketing and advertisement expense to Rs 121.4 crore.

FSN E-commerce Ventures, the parent company of Nykaa made its debut on the bourses last week and saw its shares nearly double on the first day to close at Rs 2,207 from its issue price of Rs 1,125.

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