Nykaa PAT Surges 206% in Q2 as Beauty and Quick Commerce Power Growth, Buys Majority Stake in Simply Nam
Nykaa reported a 206% jump in profit after tax for the second quarter, underscoring the strength of its core beauty business and the growing contribution from its quick commerce operations. The company also announced the acquisition of an 82% stake in Simply Nam, a premium cosmetics brand, in a move aimed at deepening its makeup portfolio and strengthening its position in the higher-margin beauty segment.
