After bumper listing, Nykaa reports 96% decline in Q2 net profit

Revenue up 47% YoY to Rs 885 crore

Fashion and cosmetics online retailer Nykaa’s net profit fell 96 per cent to Rs 1.1 crore in the September quarter (second quarter, or Q2) on a year-on-year (YoY) basis and 69 per cent, compared with the June quarter.

The company, which hit Rs 1 trillion in market capitalisation after listing on the bourses last week, saw its revenue from operations increase 47 per cent to Rs 885 crore on a YoY basis.

Nykaa’s marketing and advertising expenses grew 286 per cent to Rs 121 crore in the September quarter, compared with Rs 31.5 crore in the year-ago period. However, the