Nykaa reports Q2 FY25 consolidated net revenue growth of mid-twenties, with beauty outperforming fashion; LBB acquisition contributes positively.
Nykaa, India's top beauty and fashion e-commerce platform, reported a consolidated net revenue growth of mid-twenties for Q2 FY25, with the beauty segment outperforming. The fashion vertical saw early teens growth. The acquisition of LBB, a content platform, contributed positively to revenue. Despite strong financial results, Nykaa's shares fell by over 2% due to market reactions. The company anticipates a rebound in consumption during the upcoming festive season.
October 08, 2024
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