Nykaa Q4 Results: Net profit falls 72% to Rs 2.4 crore, revenue rises 34%

Nykaa’s parent company Fsn E-Commerce Ventures on Wednesday reported 71 per cent fall in its consolidated net profit year-on-year (YoY) to Rs 2.41 crore in the January-March quarter. The company’s net profit in the same quarter a year ago stood at Rs 8.56 crore.

Nykaa’s revenue from operations in the same quarter jumped 33.7 per cent to Rs 1,301.72 crore from Rs 973.32 crore in Q4FY22, the company said in a filing with the stock exchanges.

For the full fiscal of 2023, the fashion and beauty platform’s net profit fell 53.1 per cent YoY to Rs 19.26 crore from Rs 41,07 crore in FY22. The company’s revenue from operations in FY23 jumped 36.2 per cent to Rs 5,143.8 crore, from Rs 3,773.93 crore a year ago.