After stellar listing, India's Nykaa reports 95% fall in Q2 net profit

After stellar listing, India's Nykaa reports 95% fall in Q2 net profit

Nykaa founder Falguni Nayar.

Online beauty retailer Nykaa reported a consolidated net profit of 1.2 crore (around $160,000) for the quarter ending September 2021, down 95% from 27 crore reported in the same quarter last year.