Nykaa Share Price Hits Rs 172.98 Following Q3 Earnings
On February 11, 2024 Nykaa Beauty and Fashion experienced a 3% increase in share price up to Rs 172.98. The stock market reacted positively after Nykaa released its excellent third-quarter results. Strong Revenue and Profit Growth Exceeds Expectations After growth of 51% the company generated 26.4 crores more profits than its previous period. Its sales numbers rose by 27% to 2,267 crore Rupees while last year’s 1,789 crore Rupees mark served as the basis. The actual growth surpassed what Nykaa projected to investors only six weeks earlier. Diverse Sales Channels and Strong Beauty Segment Drive Success What made Nykaa successful? The company’s beauty division generated exceptional performance through various selling outlets including their website plus their physical stores along with self-developed and external busine...