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Nykaa reports 243% profit surge in Q2 backed by festive demand
Nykaa’s Q2 profit surged 243% YoY to ₹34 crore, with 25% revenue growth driven by festive demand, fashion expansion, and higher private-label sales.
FSN E-Commerce Ventures, the parent of Nykaa, announced a 243% year-on-year increase in consolidated Q2 profit to ₹34 crore, supported by a 25% rise in revenue to ₹1,507 crore. The company attributed strong performance to festive-season demand, growth in its fashion vertical, and expanding private-label sales. Improved operational efficiency also boosted profitability.
Management indicated sustained traction in premium beauty and apparel categories. Nykaa’s shares rose following the announcement as analysts projected continued growth momentum into the December quarter.