Tuesday, Jun 25 2024 | Time 23:11 Hrs(IST)
Business Economy

Nykaa profit surges 300 pc to Rs 9.07 crore in Q4

New Delhi, May 22 (UNI) FSN E-Commerce Ventures which operates fashion and beauty retail brand Nykaa on Wednesday reported nearly 300% year-on-year rise in profit at Rs 9.07 crore in January-March quarter (Q4) of the financial year 2023-24.
The start-up had posted a profit of Rs 2.27 crore in the Q4 of the previous financial year 2022-23.
Nykaa's revenue from operations in the March quarter of FY24 stood at Rs 1,667.9 crore as against Rs 1,301.7 crore in the corresponding period of the previous financial year.
The company's earnings before interest, taxes, depreciation, and amortization or EBITDA stood at Rs 93.3 crore in the Q4 of FY24 with EBITDA margin at 5.6%.
Nykaa's consolidated GMV (gross merchandise value) grew 32% year-on-year to Rs 3,217.2 crore in the March quarter of FY24.
The company said in a media release that strong Q4 performance enabled the full year FY2024 consolidated GMV (gross merchandise value) to grow 28% year-on-year and reach Rs 12,446.1 crore.
"FY2024 consolidated revenue grew 24% YoY to Rs 63,856 million (Rs 6,385.6 crore). Full year EBITDA margin grew to 5.4% and stood at Rs 3,462 million (Rs 346.2 crore)," the company said.
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Borzo to move its headquarters to Mumbai

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