Nykaa shares surged over 3% in early morning trade following the announcement of its Q1 consolidated financial results, which showed strong year-on-year growth across key metrics. As of 9:23 AM, the shares were trading 3.45% higher at Rs 211.70.
The company reported a revenue increase of 23.42%, rising to Rs 2,154.94 crore from Rs 1,746 crore in the same period last year.
More impressively, Nykaa’s net profit soared by 142%, reaching Rs 23.32 crore compared to Rs 9.64 crore a year ago, signaling improved profitability. The company’s EBITDA also showed robust growth, climbing 46.52% to Rs 140.68 crore from Rs 96.01 crore, while the EBITDA margin expanded by 102 basis points to 6.52%, up from 5.49%.
On the trading front, Nykaa opened at Rs 215 and touched an intraday high of Rs 216, with a low of Rs 211.25. The stock is currently trading closer to its 52-week high of Rs 229.80, having bounced back from its 52-week low of Rs 154.90.
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