Will Nykaa's shares shine brightly on exchanges after a four-fold jump in its Q4 profit?

Shares of FSN E-Commerce Ventures, owner of Nykaa brand, will be in focus as the company reported its fourth-quarter results post market hours on Wednesday (May 22, 2204).

The company posted a nearly four-fold jump in its consolidated net profit (PAT) at Rs 9 crore for the January-March 2024 quarter.

The company registered a net profit of Rs 2.27 crore in the January-March period a year ago, according to a regulatory filing.

Nykaa's consolidated revenue from operations jumped by about 28 per cent to Rs 1,668 crore in the quarter under review from Rs 1,302 crore in the March 2023 quarter.

For the year ended on March 31, 2024, Nykaa posted an 89.6 per cent jump in its net profit to Rs 39.74 crore from Rs 20.96 crore in the financial year (FY) 2023.

Nykaa's Share Performance

Hours before FSN E-Commerce Ventures reported its fourth-quarter results, its shares closed trading up by 0.99 per cent, or Rs 1.75, at Rs 179.05 on BSE on Wednesday.

The stock of Nykaa has jumped by 3.73 per cent in the one month. While its rise year-to-date is 4.25 per cent, it has risen by 4.13 per cent in the six months. 

However, the stock has jumped by 39.56 per cent in the one-year period.

(With inputs from PTI)