In the same quarter last year, the company had reported a profit of ₹7.6 crore and had a tax benefit of ₹1.8 crore.
The decline in net profit comes at a time when the larger e-commerce industry has slowed down after steep growth during the pandemic. However, Nykaa reported a nearly 34% y-o-y rise in revenue from operations to ₹1,301.7 crore in Q4. Revenue from operations last year stood at ₹973.3 crore.
Earnings before interest tax depreciation and amortisation (Ebitda) grew nearly 84% versus a year ago to ₹70.70 crore. While Ebitda were up 147 basis points to 5.4% versus the previous year.
This story is from the May 25, 2023 edition of Financial Express Mumbai.
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This story is from the May 25, 2023 edition of Financial Express Mumbai.
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