Nykaa profit surges 188 % to Rs 7 crore

(20 second reading) Online fashion retailer Nykaa reported a 188% jump in net profit to Rs 6.9 crore for March quarter compared to Rs 2.4 crore in the year-ago period.
Revenue from operations in Q4 stood at Rs 1,668 crore, up 28% compared to Q4FY23. Consolidated GMV (gross merchandise value) in March quarter grew 32% YoY to Rs 3,217 crore.
EBITDA margin stood at 5.6% and EBITDA margin adjusted for ESOP expenses, new business (GCC operations) and corporate restructuring expenses expanded to 6.7% for the quarter compared to 5.5% a year ago. Nykaa Beauty business crossed $1 billion GMV in FY24, a rise of 25% YoY.
Nykaa Fashion GMV saw growth of 27% YoY in FY24 and a growth of 27% YoY in Q4 FY24.