Indian beauty firm Nykaa September-quarter profit jumps on festive demand
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FSN E-Commerce Ventures Ltd, parent of Indian cosmetics-to-fashion retailer Nykaa, reported a more than three-fold surge in September-quarter net profit on Tuesday, boosted by strong demand for its products ahead of the festive season.
Consolidated net profit stood at 41.08 million Indian rupees ($497,210.15) for the quarter ended Sept. 30, compared with 11.7 million rupees a year earlier.
Revenue rose 39% to 12.31 billion rupees.
($1 = 82.6210 Indian rupees)
