Nykaa climbs 6% after net profit jumps 363% YoY to Rs 5 crore in Q2FY23

Shares of FSN e-Commerce Ventures, parent firm of Nykaa, surged 6.5 per cent to Rs 1,233 per share in Tuesday’s intra-day trade, after the company’s net profit jumped 363 per cent year-on-year (YoY) to Rs 5.1 crore in the July-September quarter (Q2FY23) from Rs 1.1 crore in the year-ago period.

At 1:15 pm, shares of Nykaa traded over 3 per cent higher at Rs 1,203 apiece, as against 0.2 per cent rise in the S&P BSE Sensex. In the past seven sessions, the stock has climbed 0.5 per cent as against 2 per cent gain in the S&P BSE Sensex.

The Indian cosmetic-to-fashion retailer’s total income, meanwhile, climbed 39 per cent YoY to Rs 1,237.3 crore in Q2FY23 from Rs 890.4 crore in Q2FY22.