Beauty retailer
‘s net profit for the October-December quarter fell 70% to Rs 8.5 crore, from Rs 29 crore in the year-ago period.The Falguni Nayar-led ecommerce firm recorded revenue of Rs 1,463 crore, up 33% from the same period last year.
The company’s total expenses in the third quarter rose 36% year-on-year to Rs 1,456 crore.
(This is a developing story and will be updated with more details.)