FSN E-Commerce Company Reports 72% YoY Decline In Q4 Net Profit, But Revenue Surges By 34%

Beauty and fashion platform Nykaa, on Wednesday reported its financial results for the fourth quarter, revealing a significant decline in net profit but a notable increase in revenue. The company's net profit for the quarter plunged by 72% year-on-year (YoY), amounting to Rs 2.4 crore.

Nykaa's consolidated sales increased 33.75% to Rs 1,301 crore and revenue from operations increased by more than 36% in FY23 to Rs 5,144 crore from Rs 3,774 crore in FY22.

The annual profit fell 53% at Rs 19.26 crore. The company's EBITDA margin increased by 3 basis points (QoQ) to 5.4%.

During the quarter, Nykaa's EBITDA increased by 84% to Rs 70.6 crore.

Nykaa shares traded at Rs 125, 2.5% lower on the BSE ahead of the results presentation.The 52-week high stock price is Rs 257.66 per share, while the 52-week low is Rs 114.30 per share. The market valuation of the company is Rs 35,669.85 crore.