Nykaa: demand is bouncing again
THE WHAT? Nykaa has predicted that the pageant season will enhance demand for magnificence merchandise after ‘subdued’ gross sales firstly of the yr, in response to a report revealed by Reuters.
THE DETAILS The Indian on-line retailer noticed revenue develop 33 % yoy to Rs455 crore within the June quarter (Q1FY23), whereas income was up 41 % to Rs1,148.4 crore.
THE WHY? CEO and Managing Director Falguni Nayar, instructed traders on a publish earnings name, per Reuters, “We stay cautiously optimistic and imagine the season could also be good and hopeful of robust demand.