Nykaa Q1 Results: Net profit falls 27% YoY to Rs 3.3 crore; revenue jumps 24%

FSN E-Commerce Ventures, which operates online beauty and fashion retailer Nykaa, on Friday reported a 8% year-on-year (YoY) growth in its consolidated net profit at Rs 5.4 crore for the quarter ended June 2023. It was Rs 5 crore in the year-ago period.

However, the profit attributable to equity shareholders of parent fell 27% year-on-year to Rs 3.3 crore.

Revenue from operations during the first quarter rose 24% to Rs 1,422 crore, as against Rs 1,148 crore in the same quarter of last year.