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Beauty and fashion retailer Nykaa on Friday reported a 25% year-on-year (YoY) growth in its revenues for the July-September quarter, at Rs 2,346 crore. Its net profit also surged during this period.
The Mumbai-based company posted a net profit of Rs 33 crore during the quarter, 154% higher than the year-ago period. The growth in revenues and profits were primarily due to a revival in Nykaa’s fashion business, which saw 37% YoY growth in gross merchandise value (GMV), versus only 10% in the year-ago period.
“The renewed growth in Nykaa Fashion’s…
