Swiggy Reports ₹625.5 Cr Net Loss in Q2 Despite Revenue Growth
Nykaa Q2 Results: Net profit surged 71.6% year-over-year to ₹10.04 crore, while revenue increased by 24.4%
Last Updated: 12th November 2024 - 04:54 pm
FSN E-Commerce Ventures, the company behind the Nykaa brand, reported a consolidated net profit of ₹10.04 crore for the quarter ending September 30, 2024 (Q2FY25), reflecting a 71.6% increase from ₹5.85 crore in the same period last year. On a sequential basis, this net profit rose by 4.1%. Despite the positive earnings report, Nykaa’s share price closed 1.73% lower on Tuesday at ₹179.35 per share on the BSE.
Nykaa Q2 Results Highlights
• Revenue: Stood at ₹1,874.74 crore, reflecting a 24.4% increase.
• Net Profit: Net profit jumps 71.6% YoY to ₹10.04 crore.
• Expenses: ₹1,858.93 crore, marking a 23.7% increase.
• Stock Market: Share price closed 1.73% lower on Tuesday, settling at ₹179.35 per share on the BSE.
Stock Market Reaction
Nykaa’s share price closed 1.73% lower on Tuesday, settling at ₹179.35 per share on the BSE.
About Nykaa
Nykaa.com is India’s leading online platform for beauty and wellness, offering a selection of over 2,500 brands and more than 500,000 products with delivery available nationwide. Committed to being a one-stop destination for consumers, Nykaa ensures all products are 100% authentic, sourced directly from brands, which is a unique assurance in the industry. They aim to provide an exceptional delivery experience, reflecting their dedication to customer satisfaction.
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