Nykaa net profit in Q3 plunges 71% on higher investments2 min read . Updated: 14 Feb 2023, 12:27 AM IST
- The company reported a profit of ₹8.5 crore during the quarter-ended December 2022 compared to ₹29 crore in the same quarter previous fiscal
Online beauty and personal care retailer Nykaa’s consolidated net profit plunged more than 71% as investment into lease rentals for stores, office space and warehouses ate up its margins.
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