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India’s Nykaa Posts Slowest Revenue Growth Since Listing Amid Stiff Competition

by Editor November 6, 2023, 9:54 pm 1.3k Views

India’s Nykaa Posts Slowest Revenue Growth Since Listing Amid Stiff Competition

FSN E-Commerce Ventures, parent of cosmetics-to-fashion retailer Nykaa, on Monday reported its slowest quarterly revenue growth since listing, hurt by stiff competition in its mainstay beauty and personal care (BPC) segment.

Consolidated revenue from operations grew 22.4 percent to 15.07 billion rupees ($181.17 million) in July-September, its slowest year-on-year percentage growth since the company went public in November 2021.

Revenue growth…

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