𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Nykaa's Q2 FY24 net profit jumped 50 percent on-year, despite missing estimates, earning bullish calls from foreign brokerages.
• The company's EBITDA margin was slightly lower, but there were bright spots such as improving growth and contribution margins in the fashion segment.
• Nykaa's Beauty and Personal Care business saw a 23 percent increase in Gross Merchandise Value and a steady contribution margin of 26.4 percent.