Financial Instability for Nykaa

Nykaa announced today, May 24, a decline of 71.83 percent in its net consolidated profit for the quarter ending in March, reporting a figure of Rs 2.41 crore compared to Rs 8.56 crore during the same quarter last year. The company’s revenue from operations, however, showed a positive trend, reaching Rs 1,301.72 crore, which marks a growth of 33.74 percent from Rs 973.32 crore in the corresponding quarter of the previous year, as stated in the company’s official exchange filing.