Nykaa has announced a net profit of Rs 17.5 crore in the quarter ending December, marking a significant 106 percent increase from the same period last year. Comparatively, Nykaa had reported a net profit of Rs 8.5 crore in Q3FY23.
The company’s EBITDA margin witnessed growth, expanding to 5.5 percent for the quarter, up from 5.3 percent in the corresponding quarter of the previous year.
In terms of gross merchandise value (GMV), Nykaa experienced a substantial 29 percent year-on-year (YoY) increase, reaching Rs 3,619.4 crore during the three months ending in December.
Additionally, revenue from operations also saw a notable surge, climbing 22% YoY to Rs 1,789 crore in the reported third quarter, compared to Rs 1,463 crore in the corresponding quarter of the previous year.
