Nykaa's June quarter profit up y-o-y by 33%

6 Aug 2022 , 08:50 AM

Compared to the same quarter last year, Nykaa’s June quarter’s consolidated profit increased by 33% YoY to Rs 4.55 crore from Rs 3.41 crore.
In comparison to the June quarter of the prior fiscal year, the company’s Q1 sales increased by 41% YoY to Rs 1,148.4 crore from Rs 817 crore.
According to Nykaa, its EBITDA for the quarter increased 71% year over year to Rs. 46 crores, and the EBITDA margin increased to 4% from 3.3%.

In Q1FY23, the gross profit margin rose by 380 bps year over year. Gross merchandise value, or GMV, for the fashion store, climbed 47% year over year to Rs 2,155.8 crore.

The consolidated GMV of Nykaa has increased at a 61% CAGR during the past three years. 11.2 percent of the overall GMV was made up of the GMV of owned brands. Along with several digital platforms, Nykaa claimed to have 112 independent physical stores spread throughout 52 locations. Additionally, it is growing its global presence in the US, Mauritius, and the UAE.

Nykaa stated in an investor presentation that the focus is on client acquisition and order volume to drive long-term sustainability in the BPC (beauty and personal care) category.