Nykaa Share Price Reach Record All-Time Low

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

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

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

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

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

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