Nykaa Q3 net profit almost doubles to Rs 16 crore

Beauty and fashion firm FSN E-Commerce Ventures, which operates the Nykaa brand and retail platform, on Tuesday logged a 98% jump in its December quarter net profit to Rs 16.2 crore, on the back of strong festive and wedding season demand.

The company had reported net profit of Rs 8.2 crore last year. Revenue from operations rose 22.3% to Rs 1,789 crore against Rs 1,463 crore in the corresponding period last year.

Earnings before interest tax depreciation and amortisation (Ebitda) increased 26.4% year-on-year to Rs 99 crore in Q3FY24, while Ebitda margin stood at 5.5% in the quarter under review versus 5.3% reported last year.