Nykaa Style CEO Nihir Parikh has stepped down from his place, citing private commitments as the rationale for his resignation.
The corporate has not but introduced a successor for Parikh. His resignation comes into impact from the shut of enterprise hours on December 5.
“The Firm locations on file its appreciation for the invaluable contribution supplied by Mr. Nihir Parikh throughout his lengthy affiliation through the years with the Firm,” the corporate mentioned in a submitting to the exchanges.
Nykaa not too long ago appointed Abhijeet Dabas as the manager vp and enterprise head of trend ecommerce. Dabas was appointed to helm Nykaa Style’s on-line progress technique, increasing the platform’s international footprint and constructing strategic partnerships.
The wonder and private care market noticed its internet revenue develop 66% year-on-year (YoY) to Rs 12.97 crore within the second quarter of FY25, aided by festive demand.
Nykaa’s dad or mum FSN E-Commerce Enterprise clocked a 24% YoY progress in working income at Rs 1,874.7 crore, in contrast with Rs 1,507 crore within the second quarter of FY24, in response to change filings. The Falguni Nayar-led firm posted a 24% YoY progress in gross merchandise worth GMV at Rs 3,652 crore throughout the three months ended September 30, 2024.
