Nykaa Q4 results: Net profit drops 72% to Rs 2.4 crore, revenue up 34%

Nykaa Q4 results: Cosmetics-to-fashion retailer Nykaa's parent company, FSN E-commerce on Wednesday reported a net profit of Rs 2.4 crore for the quarter ended March 2023 — a fall of 71.8 per cent compared with the corresponding period a year ago. 

FSN E-Commerce Ventures' revenue grew 33.7 per cent on a year-on-year basis to Rs 1,301.7 crore, according to a regulatory filing.

The company reported Rs 70.7 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA), marking growth of 84 per cent compared with the year-ago period. 

Its EBITDA margin improved by 147 basis points to 5.4 per cent for the last quarter of the financial year 2022-23. 

The company's gross merchandise value (GMV) — a key metric for retailers that determines the total value of goods sold on a platform over a period of time — increased 36 per cent on a year-on-year basis to Rs 2,445.4 crore for the three-month period, according to a statement. 

For the full year ended, which ended on March 31, 2023, the company reported a net profit of Rs 21 crore, revenue of Rs 5,143.8 crore and GMV of Rs 9,743.3 crore. 

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