Quarterly profit of beauty company Nykaa up 33.2%

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Nykaa’s parent company reported a 33.2% increase in first-quarter net profit on Friday.

Bengaluru:

The parent company of cosmetics-to-fashion retailer Nykaa on Friday reported a 33.2% increase in first-quarter net profit, boosted by strong demand for its products.

Consolidated net income for FSN E-Commerce Ventures Ltd was 45.5 million rupees ($574.582.01) for the quarter ended June 30, compared to 34.2 million rupees a year earlier.

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Turnover increased by 40.6% to 11.48 billion rupees.

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