Topic starter
09/11/2024 5:09 am
Hey, did you catch Nykaa’s Q1 results? They reported a net profit of Rs 13.64 crore, which is a whopping 152% increase from last year’s Rs 5.42 crore! Their revenue also saw a solid 23% boost, reaching Rs 1,746 crore. On top of that, Nykaa’s EBITDA surged over 30% year-on-year to Rs 96 crore.
Plus, they’re expanding their stake in Dot & Key Wellness to 90%, planning to complete the Rs 265 crore investment by the end of September. But interestingly, their stock dipped slightly after this announcement, even though it’s still up over 9% for the year. Nykaa seems to be on a strong growth path!
