Nykaa Share Price: Due to the firm’s impressive Q3 performance, shares of Nykaa’s parent company, FSN E-Commerce, increased 3% in early trading on Tuesday. Compared to ₹17.5 crore during the same time last year, its net profit for the December quarter increased 51% to ₹26.4 crore.

Supported by positive market mood, Nykaa’s stock was trading at Rs 172.55 on the NSE at 11:05 am. With 92 lakh shares exchanged thus far, the stock’s trading volume surpassed the 76 lakh shares that were traded on a monthly average.

Highlights of Q3 Performance

Consolidated revenue for Nykaa increased by 27% year over year to ₹2,267 crore from ₹1,789 crore during the same time the previous year. This was consistent with the company’s prior forecast of “higher mid-twenties” sales growth.

The primary beauty and personal care division of Nykaa drove sales growth in the preceding quarters and is still exhibiting stronger growth momentum than in the prior quarters. Despite significant momentum across a number of sales channels, including its e-commerce platform, retail locations, owned brands, and eB2B distribution, the company’s GMV increased in the low thirties.

Investors have been comforted by the firm’s better financial performance and steady implementation of its growth plan, which has increased trade volumes and the share price of the company. Client growth in both retail and e-commerce sectors indicates that the business has a solid foundation for future expansion.

The Q3 statistics seem to give Nykaa, a retailer of cosmetics and personal care products, a boost and set the business on a path to success in the cutthroat world of e-commerce.