Nykaa Sees Profit More Than Double To ₹6.9 Cr, Revenue Up 28%

Nykaa posted its earnings for the quarter ended March after market close on Wednesday.

What Happened: Nykaa’s net profit for the quarter came in at ₹6.9 crore, more than double the ₹2.41 crore posted in the same quarter last year. Revenue from operations for the quarter came in at ₹1,667.90 crore, up around 28% from the ₹1,301.7 crore posted in the same quarter last year.

EBITDA for the quarter came in at ₹93.3 crore, up around 32% from the year-ago period. EBITDA margin for the quarter was at 5.6%. Gross merchandise value (GMV) was at ₹3,217.2 crore, up around 32% year-on-year. The company’s store count went up to 187 during the March quarter from 145 at the end of March 2023.

See Also:  NHPC Shares Up 19% In 30 Days, But Analyst Sees 23% Slide Ahead

The beauty and personal care segment saw GMV surge up 30% to ₹2,119.7 crore compared to the ₹1,628.9 crore posted in the same quarter last year. Order for the vertical went up 27% to 1.11 crore, compared to the 88 lakh reported in the same quarter last year.

Fashion Segment’s GMV grew 27% YoY to ₹842.2 crore. The vertical saw orders go up 20% to 17 lakh from 14 lakh posted during the year-ago period.

Price Action: Nykaa’s share price was up 0.96% to close at ₹179.15 on Wednesday.

Read Next: Paytm Hints At Job Cuts As Q4 Loss Widens, Shares Recover From Early Setback