Nykaa Q3 net profit rises 2.5X to Rs 68 crore, revenue jumps 27%

Nykaa's parent company FSN E-Commerce Ventures saw its net profit surge 2.5 times to Rs 67.7 crore in the December quarter. This growth was fueled by its beauty business, which reported improved margins and significant revenue increases. The fashion segment also posted higher sales. Nykaa's quick commerce offering, Nykaa Now, is expanding its reach and assortment.