Nykaa Q2 profit surges 72% amid 40% jump in marketing and sales costs

Nykaa posted a 72% rise in net profit for the second quarter of fiscal year 2025, reaching 10 crore on-year, driven by significant revenue gains across its beauty and fashion segments. However, the result fell short of market forecasts, with analysts polled by IBES expecting a profit of 28.7 crore. For the July to September quarter, the company reported a 24% on-year increase in revenue from operations, totalling 1,875 crore, per its exchange filing. This uptick was fuelled by a 24% rise in gros

13 Nov 2024 7:07 pm

42% of rural India engaged in digital payments, 23% in e-commerce: report

GroupM and Kantar have released the fifth edition of the Rural Barometer Report. The report highlights a 60% rise in the average FMCG basket size among rural consumers, from 5.8 in 2022 to 9.3 in 2024, driven by a growing preference for convenience products. This reflects the evolving lifestyle and rising purchasing power in rural areas. Regional variations exist, with states like Jammu & Kashmir (39%), Maharashtra (41%), and Odisha (26%) showing moderate growth in FMCG basket despite lower fina

11 Nov 2024 5:10 pm