Nykaa Q1 Results: Net profit spikes 243% YoY to Rs 80 crore; revenue jumps 29%

FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in ‌fashion sales.

The ⁠company’s ⁠consolidated net profit rose to Rs 80.01 crore ($8.39 million) in the quarter ended June 30, from Rs 23.32 crore a year earlier.

The results come as investors assess whether Nykaa can sustain its strong pace of growth while improving profitability. After ⁠several quarters ‌of investments, analysts now expect the company’s fashion business to contribute more meaningfully.