Nykaa’s Q1 net profit more than doubles to Rs 13.6 crore, operating revenue expands 23%

For FSN E-Commerce Ventures, which operates the beauty and fashion retail brand Nykaa, the fashion segment saw slower-than-expected growth despite the over 20% growth in revenue. The “anchor category” of Indian and ethnic wear fared poorly on a lack of events and festivals, and its western wear brands also had a “tough quarter”.
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