Jhanvi is Nykaa brand ambassador

09 November 2022, Mumbai:

Actress Jhanvi Kapoor is a brand ambassador for Nykaa Fashion.

Nykaa Fashion is a multi-brand e-commerce fashion offering from Nykaa. It is one of the fastest-growing fashion platforms in India. It has over 1,600 brands and 5.1 million stock-keeping units across the women’s, men’s, children’s, and home categories to woo every consumer.

For the second quarter, Nykaa’s net profit grew by 330 per cent year-on-year. The company’s net profit in the same quarter last year was Rs 1 crore. Nykaa has a total of 124 stores in 53 cities.

Last month, the board of Nykaa announced bonus shares with a ratio of 5:1. That is, if an investor has one share of the company, then he will be given five bonus shares. Shares of Nykaa were listed on BSE-NSE in November 2021 and the stock has lost over 48 per cent since its debut in the market.

The issue price of Nykaa’s IPO was Rs 1,125. On a listing day, Nykaa shares were listed at Rs 2,018 with a premium of 78 per cent from the issue price. The company's 52-week high so far is Rs 2,573.70. At the same time, the market capitalization of Nykaa has gone up to Rs 56.28 trillion.

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