Nykaa: Nykaa posts Q4 profit slump on higher expenses, slowing purchases – Times of India
[ad_1] BENGALURU: FSN E-Commerce Ventures Ltd, parent of cosmetics-to-fashion retailer Nykaa, reported a 71.8% drop in fourth-quarter profit on Wednesday, as consumers limited discretionary purchases and an increase in employee costs dented margins.Nykaa’s consolidated net profit attributable to equity shareholders fell to 24.11 million rupees (around $295,000) in the quarter ended March 31, from 85.6 … Read more