Nykaa's Q4 Net Profit Soars 5X, Revenue rises by 32%

By Team Startupcity  |  Thursday, 23 May 2024, 08:50 IST

Nykaa's Q4 Net Profit Soars 5X, Revenue rises by 32%
For the March 2024 quarter, the beauty and fashion e-commerce giant FSN E-Commerce Ventures reported a nearly fivefold increase in net profit to 9.8 crore. The owner of the Nykaa brand made a net profit of 1.9 crore between January & March of last year. 
The combined income from activities likewise got around 28% to 1,667.9 crore in Q4FY24, contrasted with 1,301.7 crore in Q4FY23. Nykaa’s EBITDA additionally rose 32% to 93.2 crore in the quarter under audit, contrasted with 70.6 crore in the year prior period. From 5.4% in Q4FY23, the margin increased to 5.6% in Q4FY24. 
Nykaa’s net profit increased by 89.6% to 39.74 crore for the fiscal year that ended on March 31, 2024, from 20.96 crore in FY23. From 5,143.8 crore in FY23, Nykaa’s annual revenue increased by approximately 24% to 6,385.62 crore in FY24. 
On the NSE, Nykaa shares closed at 179.20 each, a one percent increase. The price of the stock has risen by more than 4% so far this year. The one-year return on the stock is over 39%.
According to last month data of the company, in the December quarter, the net profit of Nykaa had increased into doubled on a basis of YoY with 22 percent rise in revenue returns compared to previous year. The earnings before interest, tax, depreciation and amortization (EBITDA) margin also lengthened to 5.5 percent from 5.3 percent last December. 
 

CURRENT ISSUE

BEST STARTUPS TO WORK FOR

siliconindia