Nykaa reported a 106 per cent year-on-year (YoY) surge in net profit at Rs 17.50 crore on 22 per cent YoY rise in sales at Rs 1,788.80 crore for the December quarter.
Nykaa s scale makes it formidable in the BPC sector, and its fashion segment is on a superior growth trajectory, said HSBC after the BPC company reported rbost Q3 numbers
Nykaa said it rolled out the ESOP grants for critical and top talent across the organisation levels in the December quarter, which is now reflecting in employee expenses.
The investment is expected to be completed by March 31, 2024. Nessa International would acquire equity shares of Nysaa Beauty LLC at a price of AED 1,000 per share.
After an almost 56 percent fall in 2022, FSN E-Commerce Ventures, the parent company of Nykaa, has shown signs of a modest rebound, rising over 18% in 2023 YTD. A look at technical and fundamental outlooks.