Nykaa shares plunge 7.4% after profit nearly wiped out in Q2

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According to Nykaa’s first quarterly results after listing, its net profit fell 96% to Rs 1.2 crore in Q2 as marketing costs surged before its IPO. A 92% increase in expenses swamped a 47% gain in revenue that stood at Rs 890 crore.

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KRISHNAKOLI FASHION WORLD

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