Despite a departure of five senior executives since January 2023, Nykaa expects sales to grow by around 30% in the financial year ended in March 2023. On 5th April, the pure-player (which also operates more than 100 points of sale) said that the expected annual growth would be in line with the first 9 months of the year. During this period, Nykaa’s turnover reached €428.8 million, i.e., up by 37% in one year, and the gross margin jumped to 44.3% of turnover (up by 0.8 points).
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