Nykaa consolidated net profit rises 42% to Rs 5 crore in June quarter

FSN E-commerce, which operates under Nykaa brand, on Friday said its consolidated net profit rose nearly 42 per cent to Rs 5 crore in the April-June quarter of FY23.

The company had recorded a net profit of Rs 3.52 crore in the same period a year ago.

The consolidated revenue from operations of Nykaa increased by 41 per cent to Rs 1,148.42 crore during the reported quarter from Rs 816.99 crore in June 2021 quarter.

“Our business continues to grow across the verticals, despite an adverse and challenging macroeconomic environment, demonstrating the strength of our business fundamentals and unique customer-first experiences,” Nykaa executive chairperson, MD and CEO Falguni Nayar said in a statement.