Nykaa reported a 49% fall in Q4 quarterly net profit.

Nykaa reported a net profit of Rs 8.56 crore as compared to Rs 16.88 crore a year ago.

Revenue from operations rose 31 per cent to Rs 973.32 crore in the quarter as against Rs 740.52 crore in the same quarter last fiscal.

The earnings were impacted due to a steep surge in expenses amidst dull demand for its personal care and fashion products.

Nykaa is an Indian e-commerce company, founded by Falguni Nayar in 2012 and headquartered in Mumbai.

Nykaa sells beauty, wellness and fashion products across websites, mobile apps and offline stores.

In 2020, it became the first Indian unicorn startup headed by a woman.

In March 2022, Nykaa made it to TIME's List of 100 Most Influential Companies of the year 2022.

Nykaa founder and CEO Falguni Nayar has become the wealthiest new entrant in the Hurun Global Rich List 2022, boosted by the beauty company's stellar IPO and debut on markets.

According to Forbes real-time billionaires list, Nayar has a net worth of about $5 billion.

Falguni Nayar, quit her job to start Nykaa, a retailer of beauty products in 2012.