Nykaa Q4 net profit jumps four-fold to Rs 9 crore
The company registered a net profit of Rs 2.27 crore in the January-March period a year ago, according to a regulatory filing.
)
08:13 PM IST
Beauty and fashion e-commerce firm FSN E-Commerce Ventures, owner of Nykaa brand, on Wednesday said it has posted a nearly four-fold jump in consolidated net profit at Rs 9 crore for the March 2024 quarter.
The company registered a net profit of Rs 2.27 crore in the January-March period a year ago, according to a regulatory filing.
The consolidated revenue from operations increased by about 28 per cent to Rs 1,668 crore during the reported quarter from Rs 1,302 crore in the March 2023 quarter.
For the year ended on March 31, 2024, Nykaa posted an 89.6 per cent jump in net profit to Rs 39.74 crore from Rs 20.96 crore in the financial year (FY) 2023.
The annual revenue of Nykaa increased by about 24 per cent to Rs 6,385.62 crore in FY24 from Rs 5,143.8 crore in FY23.
Nykaa's gross merchandise value (GMV) grew by 32 per cent to Rs 3,217.2 crore on a year-on-year basis with the beauty and personal care segment accounting for 67 per cent share, fashion (26 per cent) and other segments contributing 7 per cent.
The company reported an 8.2 per cent growth in stores to 187 units across India, comprising 79 stores for Nykaa Ontrend, 67 Nykaa Luxe -- the luxury stores and Nykaa Kiosk.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
Nykaa shares to remain in focus as fashion CEO Nihir Parikh steps down
After nearly 30% gains in 1 year, global brokerages divided on Nykaa after Q2 business update
PhonePe launches 'Bolt', a revolutionary payment gateway for in-app transactions
Nykaa raises stake in Dot & Key to 90% for Rs 265 crore 
