Beauty company Nykaa’s quarterly profit jumps 33.2%

Beauty company Nykaa's quarterly profit jumps 33.2%

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

Bengaluru:

The parent company of fashionable cosmetics retailer Nykaa reported a 33.2% rise in first-quarter net profit on Friday, boosted by strong demand for its products.

FSN E-Commerce Ventures Ltd’s consolidated net profit was 45.5 million rupees ($574,582.01) for the quarter ended June 30, compared to 34.2 million rupees a year earlier.

Revenue rose by 40.6% to 11.48 billion rupees.

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