Nykaa acquires majority stake in clean beauty brand Earth Rhythm

Quick Summary:

Why FSN E-Commerce Ventures, parent of Nykaa, shares gain 4% in trade?

Nykaa had previously acquired a minority stake in the company in 2022 through a combination of primary and secondary transactions.

However, profits fell four per cent sequentially from Rs 13.6 crore in the previous quarter, according to regulatory filings.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Plastic-free beauty Organic beauty products Adwaita Nayar Nykaa Sustainable beauty Acquisition Ebitda growth Beauty industry acquisitions Personal care Plant-based products Harini Sivakumar Nykaa profits Clean beauty Nykaa revenue growth Omnichannel distribution Q2 FY25 earnings Earth Rhythm

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 18:15:45 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23905949

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