Nykaa’s net profit rises 42% on year to Rs 5 crore in Q1

Omnichannel beauty retailer Nykaa’s net profit rose 42% on year to Rs 5 crore in the first quarter, while total income climbed 41% to Rs 1,157 crore from the year-ago period.

Mumbai-based FSN E-Commerce Ventures, the parent entity of Nykaa, said total income grew 18% sequentially, while profit declined by 25% quarter on quarter.