Nykaa’s parent company reported a 33.2% rise in first-quarter net profit on Friday.
Bengaluru:
The cosmetics-to-fashion retailer Nykaa’s parent company reported a 33.2% rise in first-quarter net profit on Friday, boosted by strong demand for its products.
Consolidated net profit for FSN E-Commerce Ventures Ltd stood at 45.5 million rupees ($574,582.01) for the quarter ended June 30, compared with 34.2 million rupees a year earlier.
Revenue rose 40.6% to 11.48 billion rupees.
