Nykaa's shares saw positive movement after the company reported a 152% year-on-year jump in Q1 net profit, reaching ₹13.64 crore.
This growth was driven by a 23% rise in revenue, with the beauty segment leading the charge, generating ₹1,593.51 crore. Despite an initial surge to ₹197.45 on the NSE, the stock settled at ₹188.38. Additionally, Nykaa increased its stake in Dot & Key Wellness to 90% in a ₹265.3-crore cash deal, strengthening its position in the beauty and wellness sector.