Tuesday, Jun 25 2024 | Time 23:11 Hrs(IST)
image
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.
UNI NK CS2023
More News

Govt to get about Rs 11000 cr based on day 1 of telecom spectrum auction

25 Jun 2024 | 9:30 PM

New Delhi, June 25 (UNI) The government will get about Rs 11,000 crore from sale of telecom spectrum on Day 1 as five rounds were completed and will continue on Wednesday (tomorrow).

see more..

Flipkart hosts second edition of Glam Up Fest 2024

25 Jun 2024 | 8:44 PM

Mumbai, June 25, (UNI) Flipkart, India’s homegrown e-commerce marketplace, hosted the second edition of its highly anticipated Glam Up Fest 2024 here recently which featured over 3,500 Beauty and Lifestyle influencers and participation from more than 70 top brands across consumer categories.

see more..

Glenmark and IADVL Undertake Awareness Campaign Supporting Vitiligo Patients in India

25 Jun 2024 | 8:26 PM

Mumbai, June 25 (UNI)Glenmark Pharmaceuticals Ltd. a pharmaceutical company, has joined forces with The Indian Association of Dermatologists, Venereologists, and Leprologists (IADVL), to unveil postcards & Calendars aimed at raising awareness, showing empathy and support for individuals living with vitiligo, a skin disorder that affects pigmentation and conducted a painting competition “Empathy in Every Stroke” on World Vitiligo Day, Tuesday.

see more..

RUV 350 launches electric scooter from Rs 1 09 lakh to Rs 1 34 lakh

25 Jun 2024 | 8:11 PM

Mumbai, June 25(UNI)The BGauss RUV350 is an electric scooter, available at a starting price of Rs. 1,09,999 , Rs 1,24,999, and Rs 1,34,999.

see more..

Borzo to move its headquarters to Mumbai

25 Jun 2024 | 8:04 PM

Mumbai, June 25(UNI) Borzo, a global intracity same-day delivery service has announced to move
its headquarters from Amsterdam to Mumbai.

see more..
image