Nykaa Q2 Results: FSN E-Commerce Ventures, which operates beauty and personal care (BPC) company Nykaa, on Monday posted a 50 per cent jump in its net profit to Rs 7.8 crore in the second quarter ended September 2023. The jump in profit was led largely by Nykaa’s beauty and personal care (BPC) business, which witnessed a strong demand during its flagship sale event in July.
Nykaa’s net profit had stood at Rs 5.2 crore in the corresponding last year.
On a quarterly basis, Nykaa’s net profit increased 44 per cent from Rs 5.4 crore reported in the first quarter of the current fiscal.
The company’s revenue from operations during July-September 2023 jumped 22 per cent YoY to Rs 1,507 crore, compared with Rs 1,231 crore in the year-ago period.
Nykaa’s Ebitda (earnings before interest, taxes, depreciation and amortisation) margin improved from 5 per cent in Q2FY23 to 5.4 per cent in Q2FY24.
Nykaa’s total expenses stood at Rs 1,502 crore in Q2FY24, up 22 per cent from Rs 1,229 crore in the same period last year.
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