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.
The e-commerce company said it saw a strong September quarter across all verticals, including Nykaa Fashion, against a backdrop of subdued discretionary consumption in the industry due to a delayed festive season.
Nykaa said the BPC business NSV for the quarter is expected to grow around twenty per cent on YoY basis. The festive season is a big driver for lifestyle categories, it noted.
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