FSN E-Commerce Ventures, which operates the beauty and fashion platform Nykaa, on Wednesday reported a 71.83% year-on-year (YoY) drop in its March quarter net profit at Rs 2.4 crore. Nykaa's consolidated revenue rose 33.75% to Rs 1,301 crore in Q4.
The company's EBITDA margin improved 3 basis points quarter-on-quarter (QoQ) to 5.4%.
Nykaa's EBITDA shot up 84% to Rs 70.6 crore during the quarter.
Total tax expense of Rs 4.35 crore during the quarter took a toll on the bottomline. In the corresponding quarter of last year, Nykaa had reported a tax benefit of Rs 1.76 crore.
In FY23, Nykaa's revenue from operations rose to Rs 5,144 crore from Rs 3,774 crore in FY22, a jump of more than 36%.
The annual profit recorded a 53% drop to Rs 19.26 crore. Ahead of the announcement of the results, Nykaa shares ended 2.5% lower at Rs 125 on BSE.
The company's EBITDA margin improved 3 basis points quarter-on-quarter (QoQ) to 5.4%.
Nykaa's EBITDA shot up 84% to Rs 70.6 crore during the quarter.
Total tax expense of Rs 4.35 crore during the quarter took a toll on the bottomline. In the corresponding quarter of last year, Nykaa had reported a tax benefit of Rs 1.76 crore.
In FY23, Nykaa's revenue from operations rose to Rs 5,144 crore from Rs 3,774 crore in FY22, a jump of more than 36%.
The annual profit recorded a 53% drop to Rs 19.26 crore. Ahead of the announcement of the results, Nykaa shares ended 2.5% lower at Rs 125 on BSE.
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