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.
In Q1 FY24, Nykaa reported an 8% year-on-year (YoY) growth in its consolidated net profit at Rs 5.4 crore. Net profit was Rs 5 crore in the year-ago period. Revenue from operations during the first quarter rose 24% to Rs 1,422 crore, as against Rs 1,148 crore in the same quarter of last year.
Nykaa expects Q4 revenue growth in Fashion business to be in late teens. This is against a 33 per cent growth it recorded in the first nine months of the financial year.