Nykaa Q4 net profit down 72 percent to Rs 2 crore

By

Maverick Martins

Published
May 24, 2023

FSN E-Commerce Ventures, the parent company of beauty retailer Nykaa witnessed a 72 percent drop in net profit to Rs 2 crore ($2,41,898) for the fourth quarter ended March 2023, as against Rs 9 crore in the year-ago period.

The company’s revenue for the quarter rose by 38 percent to Rs 1,301 crore, as against Rs 973 crore posted in the same quarter a year ago.

For the full financial year of 2023, Nykaa’s net profit was down 53 percent to Rs 19 crore as compared to Rs 41 crore in financial year 2022.

The company’s revenue for the year increased by 36 percent to Rs 5,143 crore from Rs 3,773 reported in the previous fiscal year.

Nykaa founded in 2012 by Indian entrepreneur Falguni Nayar offers over 4,500 brands across beauty, fashion, and personal care.