The BPC major's net profits plunged by 48% sequentially to INR 9 Cr from last quarter's INR 17.45 Cr Its operating revenue also declined 6% on a sequential basis to INR 1,667.9 Cr from the previous quarter's INR 1,788.
8 Cr For the full fiscal year FY24, the company's net profits grew by 80% to INR 69 Cr from FY23's 38.39 Cr nykaa ’s consolidated net profit plunged by 48% on a quarter on quarter (QoQ) basis to INR 9.07 Cr for the quarter ending March 31, 2024 (Q4 FY24) from INR 17.
45 Cr in the previous quarter. However, net profits grew 1.2X on a year-on-year (YoY) basis from Q4 FY23’s INR 4.
27 Cr. Meanwhile, the beauty marketplace’s operating revenue also declined 6% on a sequential basis to INR 1,667.9 Cr from the previous quarter’s INR 1,788.
8 Cr. On a YoY basis, the operating revenue saw a spike of 28% from INR 1,311.4 Cr in Q4 FY23.
For the full fiscal year FY24, the company’s net profits grew by 80% to INR 69 Cr from FY23’s 38.39 Cr. In tandem with the spike in profits, its operating revenue for the full year also grew 24% to INR 6,385.
6 Cr from last fiscal’s INR 5,143.8 Cr. Nykaa’s profit has shrunk on a QoQ basis despite a decline in total expenses, which fell 6% to INR 1,655.
4 Cr from previous quarter’s INR 1,769.8 Cr. Developing.
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