Nykaa shares drop despite strong Q4 performance
Nykaa's parent company, FSN E-commerce, experienced a share decline despite reporting strong Q4 results, including a near doubling of net profit to Rs 19 crore and a 23.6% YoY revenue increase. While the beauty segment thrived, the fashion segment saw muted growth. Brokerages are monitoring the fashion business revival amid intense competition.
Nykaa's parent company, FSN E-commerce, experienced a share decline despite reporting strong Q4 results, including a near doubling of net profit to Rs 19 crore and a 23.6% YoY revenue increase. While the beauty segment thrived, the fashion segment saw muted growth. Brokerages are monitoring the fashion business revival amid intense competition.
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