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Beauty firm Nykaa’s quarterly profit up 33.2%

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Nykaa’s parent company reported a 33.2% increase in first-quarter net profit on Friday.

Bangalore:

The parent company of cosmetic-to-fashion retailer Nykaa on Friday reported a 33.2% jump in first-quarter net profit, driven by strong demand for its products.

FSN E-Commerce Ventures Ltd reported a consolidated net profit of Rs 45.5 million (574,582.01) for the quarter ended June 30, as against Rs 34.2 million a year ago.

Revenue grew 40.6% to Rs 11.48 billion.

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