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Nykaa Q4 Net profit Rises 187% to Rs 6.9 Cr, Revenue up 28%

May 30, 2024

By: BlinkX Research Team

FSN E-Commerce Ventures, the parent company of online beauty products seller Nykaa, Wednesday, MAy 22 reported a consolidated net profit of 6.93 crore rupees for the quarter ending on March FY24 at 187.4%. The surge was a nearly two-fold increase in net profit, compared to 2.41 crore rupees reported in the year-ago period.

Key Takeaways from Nykaa’s Performance:

• Consolidated net profit rose 187.4% to 6.93 crore rupees for Q4 FY24.
• Consolidated sales rose by 28.1% to 1,667.98 crore rupees.
• The company's board has approved an investment of 20 crore rupees in FSN International, a wholly-owned subsidiary, on a rights basis.
• FSN International will further invest approximately $1.9 million in one of its overseas arms.

Sequentially, consolidated revenue from operations rose by 28.1% to 1,667.98 crore rupees year-on-year from Rs 1,301.72 crore.

FSN's beauty and personal care business saw revenue growth of 24% on-year to 1,389 crore rupees. The gross merchandise value (GMV) for this segment surged 30% on-year to 2,120 crore rupees, while the net sales value (NSV) for the BPC business also rose by 24% on-year to 1,271 crore rupees.

For the entire financial year, the company reported a 67.5% Y-o-Y growth in the net profit at 32.3 crore rupees, from 19.3 crore rupees. Consolidated revenue from operations grew 24.1%  to 6,385.6 crore rupees, from 5,143.8 crore rupees reported at the end of FY23.

In addition to these financial results, the company's board has approved an investment of 20 crore rupees in FSN International, a wholly-owned subsidiary, on a rights basis. 

FSN International is also set to invest nearly $1.9 million in one of its overseas arms, indicating continued expansion and strategic investment in its international operations.

About FSN E-Commerce Ventures Limited:

FSN E-Commerce Ventures Limited is an e-retailing beauty and personal care in India. The company brings domestic brands, international brands, and luxury and prestige brands among others. Nykaa offers a well-curated comprehensive selection of makeup, skincare, haircare, bath and body, fragrance, grooming appliances, personal care, and health and wellness categories.

Read More About FSN E-Commerce Ventures Limited Share Price Here!