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.
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
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
Amid results showing signs of recovery, Vijay Shekhar Sharma teases a return for Paytm wallets
They were the app’s flagship feature until the RBI shut down new deposits into Paytm wallets a year and a half ago.
In Juspay vs fintechs, economics will decide the winner
The battle between four of India’s major fintechs and the payments orchestration leader is being fought on the issues of interoperability and fair competition. Ultimately, though, commercial factors will trump all else.
Indian fintech’s gold rush is yet to take off
Fintech startups have only been able to corner a small part of the value in gold-linked financial products like gold loans and digital gold even as gold prices have shot up. Regulatory changes may pose a further challenge.