Nykaa Q2 Results: Profit jumps over 50%, revenue rises 23% in September quarter
FSN E-Commerce, the parent company of Nykaa reported a jump of 50.28 per cent in its consolidated net profit to Rs 7.80 crore from Rs 5.19 crore Year-on-Year.
Nykaa Q2 Results: FSN E-Commerce, the parent company of Nykaa, reported a jump of 50.28 per cent in its consolidated net profit to Rs 7.80 crore from Rs 5.19 crore Year-on-Year.
The company's revenue from operations for the quarter under review jumped 22.44 per cent to Rs 1,507 crore from 1,230.8 crore in the same quarter last fiscal.
The company's EBIDTA grew 32 per cent YoY to Rs 806 million in the quarter under review.
Its EBITDA margin also saw a jump of 38 bps, jumping to 5.4 per cent in the September quarter from 5.0 per cent in the corresponding period last year.
The marketing costs and customer metrics in fashion business continue to see goodness supported by the healthy growth of repeat customers with 46% of the Nykaa Fashion GMV coming from existing customers vs 35% a year ago, the company said in a statement.
Nykaa said that its operational excellence are showing results through improving customer retention, increasing user conversion and overall shift in unit economics.
Nykaa Share Price
The shares of FSN E-Commerce ended higher by 5.10 per cent, or Rs 7.15, at Rs 147.45 each on Monday slightly before its results were announced.
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.