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Cosmetics-to-fashion retailer Nykaa on Wednesday reported a 60% fall in quarterly net profit, hit by a jump in expenses and subdued demand for personal care and fashion products.
Consolidated net profit for the company was Rs 28 crore for the third-quarter ended Dec. 31, compared with a profit of Rs 69 crore a year earlier, parent company FSN E-Commerce Ventures Ltd, said in a regulatory filing.
Revenue from operations rose to Rs 1,098 crore from Rs 808 crore in Q3FY21.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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