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The net profit of Nykaa rose 33 per cent to Rs 4.55 crore in the first quarter of the financial year 2023 compared to last year’s Rs 3.42 crore in the first quarter of the year 2022. Revenue from operations jumped 41 per cent yearly to Rs 1,148.42 crore. Profit before tax (PBT) increased to Rs 8.34 crore in Q1 FY23 from Rs 3.15 crore posted in Q1 FY22.
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Yearly, gross profit has surged 54 per cent to Rs 509.9 crore in the first quarter at a 44.4 per cent rise 380 bps margin. The earnings before, interest, tax depreciation, and amortisation (EBITDA) grew 71 per cent to Rs 46.1 crore in Q1 FY23 at a margin of 4 per cent, led by improvement in gross margin and efficiency in fulfilment expense. The cost of goods sold jumped 32 per cent YoY to Rs 638.5 crore. Operating expenses increased 52 per cent YoY to Rs 463.8 crore.
Beauty and Personal Care (BPC) GMV rose 39 per cent YoY to Rs 1,488.8 crore in Q1 FY23. Fashion GMV jumped 59 per cent YoY to Rs 582 crore in Q1 FY23. Fashion GMV contributed 27 per cent to consolidated GMV in Q1 FY23. Annual Unique Transacting Customers in the BPC vertical grew 33 per cent YoY to 8.6 million, and in the Fashion vertical surged 99 per cent YoY to 2 million in Q1 FY23. Order volume in the BPC vertical was up by 40 per cent YoY to 8.1 million, and in the Fashion vertical grew 58 per cent YoY to 1.1 million on 30 June 2022.
