Nykaa advances 6% on healthy Q2 results; brokerages remain divided

FSN E-Commerce Ventures, parent company of Nykaa, shares gained 5.7 per cent in trade on Wednesday, November 13, 2024, and registered an intraday high of Rs 187.85 per share on BSE.

Around 9:46 AM, Nykaa share price was up 1.15 per cent on BSE at Rs 179.7 per share. In comparison the BSE Sensex was down 0.18 per cent at 78,531.2.

Nykaa on Tuesday, after market hours, reported a consolidated net profit (attributed to owners) for the second quarter at Rs 10.04 crore as compared to Rs 5.85 crore a year ago, up 72 per cent. On a quarter-on-quarter basis, the net profit was 4 per cent higher.