Nykaa Sees 3-Fold Surge In September-Quarter Net Profit

FSN E-Commerce Ventures, the parent of cosmetics-to-fashion retailer Nykaa, reported a more than a three-fold surge in September-quarter net profit on Tuesday, boosted by strong demand for its products ahead of the festive season.

Consolidated net profit stood at Rs 41.08 million ($497,210.15) for the quarter ended September 30, compared with Rs 11.7 million a year earlier.

Revenue rose 39 per cent to Rs 12.31 billion.

(Reuters)