Nykaa reports a 96 percent drop in Q2 net profit after a record listing.

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  • Fashion and cosmetics online retailer Nykaa’s net profit fell 96 percent to Rs 1.1 crore in the September quarter on a year-on-year basis and 69 percent, compared with the June quarter.
  • The company said its gross profit margin improved 345 basis points to 39.3 percent in the September quarter, compared with the corresponding quarter of the previous financial year.
  • The fashion segment’s contribution to consolidated GMV increased to 27 percent in Q2FY22, compared with 14 percent in Q2 of 2020-21.
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