Nykaa Share Price Reach Record All-Time Low

By Team Inc42

Nykaa’s Stock Hit an All-Time Low of INR 114.55 After Onboarding 50 Senior Executives.

The Stock Has Fallen Over 71% Since Its Adjusted Listing Price of INR 400.

Profits Declined Similarly to the Stock Price, Falling 69% Between 2021 and 2022.

Factors Such As Economic Uncertainties, the Russia-Ukraine War, and Competition From Reliance’s Tira Contribute to the Decline.

Despite Increased Revenue, Nykaa’s Profit Shrank 70% YoY in the Quarter Ending December 2022.