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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 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.
Revlon, an established name in the beauty and cosmetics industry, is aiming to double its revenue to Rs 400 crore in the current fiscal year. Revlon, targeting aspirational consumers in tier II cities with affordable pricing, is offering products starting from Rs 399. , Companies News, Times Now ....
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.