FSN E-Commerce Ventures, the company behind Nykaa, has reported a net profit of Rs 5.4 crore for the June quarter, marking an 8% growth. However, the net profit attributable to equity shareholders of the parent stood at Rs 3.3 crore, a 27% decline compared to the previous year. The company’s revenue from operations for the first quarter of the fiscal year reached Rs 1,421.8 crore, a 24% increase from the same period last year. Nykaa experienced growth across its beauty and personal care gross merchandise value (GMV), with both its e-commerce platform and physical retail showing healthy growth.