Omnichannel fashion and beauty retailer Nykaa on Monday announced a 61 per cent year-on-year (YoY) growth in its consolidated net profit to approximately US $ 3.14 million (Rs. 26.12 crore), which is below the Street forecast of approximately US $ 4.39 million (Rs. 36 crore).
Revenue increased 27 per cent YoY to approximately US $ 27.65 million (Rs. 2,267 crore), which was in line with projections.
For the October–December 2024 quarter, the company reported an EBITDA of approximately US $ 17.2 million (Rs. 141 crore), with margins of 6.2 per cent at that time. Expectations were satisfied by both metrics. Profit after tax, or PAT, more than doubled sequentially from approximately US $ 1.22 million (Rs. 10 crore) recorded in the previous September quarter.
Nonetheless, there was a 21 per cent quarter-over-quarter (QoQ) improvement in revenues. Compared to approximately US $ 91,463 (Rs. 7.58 crore) in the same quarter last year, other income for the reporting third quarter decreased to approximately US $ 67,439 (Rs. 5.53 crore).
