Nykaa shares are set to draw attention in Thursday’s trading following a dramatic 298% increase in Q4 net profit, amounting to Rs 9.1 crore. This significant growth comes as the company announced its results after Wednesday’s market close.
Shares of FSN E-Commerce Ventures, which operates Nykaa, opened positively at Rs 183.2 and surged over 4% to Rs 187 in early trading. This rise reflects investor enthusiasm following the company’s robust quarterly performance.
For Q4 of FY 2023-24, Nykaa reported a substantial 298% rise in consolidated net profit from Rs 2.3 crore in the same quarter last year. Revenue also climbed by 28% to Rs 1,668 crore, showcasing strong operational growth.
EBITDA for the quarter increased by 32% year-on-year, reaching Rs 93.3 crore, with EBITDA margins improving to 5.6% from 5.4%. This financial health indicates effective management and operational efficiency.
Additionally, Nykaa’s beauty business achieved a landmark $1 billion GMV in FY24, with the BPC segment witnessing a 30% annual GMV growth, the highest in six quarters, driven by aggressive customer acquisition strategies. The company also managed to reduce its capital expenditures significantly.