Nykaa reports net profit of Rs 5.4 crore in June quarter; revenue up 24%

Online beauty and fashion e-commerce major Nykaa on Friday reported a consolidated net profit of Rs 5.4 crore for the first quarter of FY24.

FSN E-Commerce Ventures is the parent company of beauty products maker Nykaa. | Image: Reuters

Online beauty and fashion e-commerce major Nykaa on Friday reported a consolidated net profit of Rs 5.4 crore for the first quarter of the current financial year. FSN E-Commerce Ventures, the parent company of Nykaa, had posted a consolidated net profit of Rs 5 crore for the corresponding period a year ago.

Nykaa's revenue from the operations came in at Rs 1,421.8 crore for the quarter ended June 30 as against Rs 1,148.4 crore for the year-ago period, according to a regulatory filing.

The company's total expenses went up 22 per cent to Rs 1,418.8 crore during the three-month period.

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Nykaa's gross merchandise volume (GMV) grew 24 per cent on a year-on-year basis to Rs 2,667.8 crore for the June quarter.

Nykaa shares ended higher by Rs 0.5 or 0.3 per cent at Rs 146.3 apiece on BSE ahead of the earnings announcement.

(With agency inputs)

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