Nykaa Q3FY24 results: Net profit increases 106% to Rs 17.5 crore

FSN E-Commerce Ventures, the parent company of beauty and fashion brand Nykaa, on Tuesday reported a 106 per cent year-on-year (Y-o-Y) increase in its net profit to Rs 17.5 crore for the third quarter ended December 31, compared to Rs 8.5 crore in the year-ago period.

The company had posted a profit of Rs 7.8 crore a quarter ago, according to regulatory filings.

The company’s consolidated revenue from operations grew 22 per cent Y-o-Y to Rs 1,789 crore, up from Rs 1,462 crore a year ago and Rs 1,507 crore in Q2 FY24.