Google News
spot_img

Nykaa Q4 net profit jumps four-fold to Rs 9 crore

Must Read

The company reported an 8.2% growth in stores to 187 units across India

New Delhi: 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% 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% 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% 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% to Rs 3,217.2 crore on a year-on-year basis with the beauty and personal care segment accounting for 67% share, fashion (26%) and other segments contributing 7%.

The company reported an 8.2% growth in stores to 187 units across India, comprising 79 stores for Nykaa Ontrend, 67 Nykaa Lux — the luxury stores and Nykaa Kiosk.

Latest News

Kitchenware brand The Indus Valley targets Rs 200 crore revenue by end of 2024

Having over 250 SKUs  already, the company is aiming to introduce over 1,000 SKUs in the coming yearsThe Indus...