Nykaa Q4 Results: Net Profit Drops By 72% To Rs2.4cr YoY, Revenue Up By 34%

FSN E-Commerce Ventures, which owns the beauty and fashion portal Nykaa, reported a 71.83 per cent year-on-year (YoY) decrease in net profit for the March quarter at Rs 2.4 crore on Wednesday. In Q4, Nykaa's consolidated revenue increased 33.75 per cent to Rs 1,301 crore.

The company's EBITDA margin increased by 3 basis points (QoQ) to 5.4 per cent. During the quarter, Nykaa's EBITDA increased by 84 per cent to Rs 70.6 crore. During the quarter, the total tax expense amounted to Rs 4.35 crore. Nykaa reported a tax advantage of Rs 1.76 crore in the same period last year.

Nykaa's revenue from operations increased by more than 36 per cent in FY23 to Rs 5,144 crore from Rs 3,774 crore in FY22. The annual profit fell 53 per cent at Rs 19.26 crore. Nykaa shares closed 2.5 per cent lower on the BSE at Rs 125 ahead of the results announcement.