Nykaa’s quarterly profit rises 4x; Paytm’s losses widen

Despite the substantial jump in fourth-quarter profit, Nykaa’s earnings missed analysts’ estimates. Meanwhile, Paytm has warned that the “full financial impact” of RBI’s curbs would be clear in the June quarter.

22 May, 20243 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Internet
Story image

Preparing to love China once again

India is warming up to the idea of doing business with China. Little is expected to change in the trade skew, but Chinese foreign direct investment will be a welcome boost.

Internet
Story image

Nykaa and Mamaearth’s oddball performance

Both beauty and personal care companies just delivered their June-quarter results. Their numbers hide more than they reveal.

Internet
Story image

Lenskart may be the redemption Indian new-age businesses need

The 17-year-old eyewear company is finally approaching the public markets. Its stellar numbers and international footprint set it apart.