Nykaa consolidated net profit rises 42% to Rs 5 crore in June quarter

The net profit of Nyka rose 42 percent ie ,to 5 crore in April June quarter  of FY23 . Nyka had reported 3.5 crore in the same period in previous year . The CEO ,MD , Chairman of Nyka said that the beauty vertical ,offline and online  witnessing a growth momentum while building efficiencies accross the value chain .After the pandemic Nyka now experiencing the positive scale of  their unit .They also announced that they are opening up their second Aveda X Nyka salon in the country and first in Delhi .