Beauty and personal care firm posted a 50% rise in net profit to Rs 7.8 crore in the July to September quarter. Revenue from operations surged 22% to Rs 1,507 crore in Q2 FY24 against Rs 1,230 crore earned in the comparable period last year, according to a filing with the exchanges.
However, this was matched by a rise in total expenses to Rs 1,502 crore from Rs 1,228 crore incurred in the same period last year, hurt by a whopping 344% rise in expenditure towards changes in inventories of finished goods and stock-in-trade.
In a press statement, said its revenue from operations grew despite the delay in the festive season to October, which typically falls in September every year.
The Falguni Nayar-led company’s EBITDA margin expanded to 5.4% in the second quarter of FY24 from 5% in Q2 FY23.
(This is a developing story.)
Edited by Kanishk Singh
