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Nykaa reports profitability in FY19


Omnichannel fashion portal Nykaa has reported a profit of Rs 2.31 crore in the fiscal year ended on March 31, 2019. The Falguni Nayar-led company has registered a 108% growth in operating revenue to Rs 1,159.32 crore in FY19.

Valued around $743 million, the startup also reported a significant growth in expenses to Rs 1,157.85 crore in FY19 from Rs 579.39 crore in FY18. In the previous fiscal, Nykaa had registered a loss of Rs 17.71 crore. (Source MCA)

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