Discounting in BPC category increases as Nykaa’s quarterly net profit surges by 44% to ₹7.8 crore.

Nykaa, an e-commerce beauty retailer, has reported impressive financial results for the second quarter. The company witnessed a 6% sequential growth and a 22% year-on-year growth in its revenue from operations. Additionally, Nykaa’s profit margin for the quarter increased by 10 basis points compared to the previous year. During this period, Nykaa opened 13 new…

Read More

Anchit Nayar of Nykaa states that there is currently no significant impact from competition.

Nykaa CEO Anchit Nayar has stated that the beauty e-commerce company has not witnessed any significant impact from competition thus far. Despite facing scrutiny due to the emergence of new competitors, such as Reliance Retail’s Tira, Nykaa remains unfazed. Nayar emphasized that a majority of their business comes from repeat customers, debunking the notion that…

Read More