Indian beauty firm Nykaa loses sheen as costs surge

Mark A. Carlson

BENGALURU, Feb 9 (Reuters) – Indian cosmetics-to-fashion retailer Nykaa on Wednesday reported a 59.5% slump in quarterly net profit on a steep increase in expenses, overshadowing a rise in revenue and gross merchandise value. Total costs surged 46.8% year-on-year to 10.67 billion rupees ($142.68 million) in the third quarter, including […]

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