Nykaa Q4: Steep Expenses Drive Net Profit & Margins Down, Topline Surges 31% YoY

  • Investing.com
Nykaa Q4: Steep Expenses Drive Net Profit & Margins Down, Topline Surges 31% YoY

By Malvika Gurung

Investing.com -- The new-age digital company Fsn ECommerce Ventures (NS: FSNE ) has reported a fall in its profit figure for the quarter ending March 2022.

Its consolidated net profit has tumbled 49.2% on a YoY basis to Rs 8.56 crore in the March quarter, compared to Rs 16.88 crore posted in the year-ago period, while its profit after tax has declined too.

The beauty products e-commerce vendor’s earnings in Q4 FY22 were impacted due to a sharp uptick in total expenses, while the demand for its personal care and fashion products in the period remained subdued.

In the quarter under review, the online company’s consolidated total expenses surged 35.1% YoY to Rs 978.64 crore.

At the same time, Nykaa’s revenue from operations climbed 31% YoY to Rs 973.32 crore and the gross merchandise value (GMV) shot up 45% YoY to Rs 179.8 crore.

For the entire financial year 2021-22, the e-comm major’s PAT declined 3% YoY to Rs 41.3 crore, EBITDA stood at Rs 163.3 crore, and the margin fell to 4.3%, compared to 6.4% in FY21, due to a rise in the company’s efforts to double down on marketing the brand, as it emerges from the pandemic.

The GMV for the whole year soared 71% YoY to Rs 693.32 crore, and its total income also rose 32% YoY to Rs 984.45 crore.

"Nykaa (NS: FSNE ) has experienced overall strong performance in FY2022 amidst various macro-economic challenges such as rising inflation, reduction in discretionary spends by consumers, and uncertainty around Covid-19," stated the company.

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