Kaya Ltd reports Q1 net profit of Rs 103 crore

Skincare and beauty brand Kaya Ltd reported a net profit of Rs 103 crore ($12.3 million) for the April-June quarter, as against net loss of Rs 10 crore in the year-ago quarter.

During the quarter, Kaya made a profit of Rs 108 crore from discontinued operations that included sale of Kaya Middle East FZE and its subsidiaries.

The company’s revenue for the quarter rose by 2 percent to Rs 61 crore, as against Rs 60 crore in the corresponding quarter of the previous fiscal year.

Kaya witnessed strong growth in its body care, hair care, skin care and sun care categories during the quarter.

Last month, Kaya had signed a deal with Marico Limited to widen its reach across markets and channels.

Kaya offers a portfolio of over 75 skin and hair products. Its products are currently available on leading e-commerce marketplaces and Kaya skin clinics across India.