<ul><li>Nykaa parent FSN E-commerce witnessed a drop in shares during early trade despite a strong performance in Q4.</li><li>The company opened 2% lower at Rs 199, compared to the previous closing of Rs 203.26 on the BSE, trading at Rs 201.26 at 9:53 am.</li><li>Nykaa saw significant growth in operating revenue by 23.6% YoY to Rs 2,016.7 crore for Q4, driven by customer acquisition and brand partnerships.</li><li>Although Nykaa's Q4 profit declined sequentially by 29.3%, the beauty vertical contributed over 90% to the total revenue, posting a 24.7% YoY increase.</li></ul>

Nykaa shares drop despite strong Q4 performance

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