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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The beauty business continues to be the mainstay, accounting for 90% of Nykaa’s revenue in the three months to September.
Fashion and beauty platform Nykaa’s parent company, FSN E-Commerce Ventures Ltd, on Tuesday reported a 66% rise in net profit to Rs 13 crore ($1.5 million) for the quarter ended September, from Rs 7.8 crore ($924,424) in the same three months last year.
However, on a quarter-on-quarter basis, the net profit fell 4% from the Rs 13.6 crore ($1.6 million) reported in the April-June period of the 2024-25 fiscal year.
The consolidated revenue from operations for the second quarter of FY25 stood at Rs 1,874.7 crore ($222 million), which was about 24% more than the Rs 1,507 crore ($178.6 million) …
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
Its acquisition of Kirana Club signals an attempt to find a new growth engine, but grocery retail has been a challenge for even well-funded players.
Slowing growth, weakening store metrics and a puzzling fundraise point to the retailer losing some of its post-Zudio sheen.
