Nykaa, on 11 August, announced its quarterly results for the April-June quarter for the 2023-24 fiscal year. The online beauty and fashion retailer reported a 27% YoY drop in its consolidated net profit at Rs 3.3 crore from the Rs 4.5 crore reported in the Q1 of the 2022-23 fiscal year.

The company’s revenue from operations increased 24% on a yearly basis at Rs 1,422 crore against Rs 1,148 crore in the year-ago quarter.

EBITDA for the company saw a 60% YoY to Rs 73.5 crore in the June quarter. In contrast, the EBITDA margins expanded by 116 basis points to 5.2%.

The overall GMV (gross merchandise value) for the quarter under review increased by 24% YoY to Rs 2,668 crore, wherein the Segment-wise, beauty and personal care (BPC) GMV rose 24%.

The company’s annual unique transacting customers grew by 21% yearly to 10.3 million customers as of the end of the June quarter.

On the physical retail segment, Nykaa’s physical store count increased by 43%, with 152 stores in total as of 30 June.

Nykaa’s fashion segment grew by 12% YoY to Rs 654 crore.

Falguni Nayar, Executive Chairperson, MD, and CEO, said, “Our beauty vertical continues to shape into an ecosystem of its own – with steady and balanced growth across our online platforms, physical footprint as well as our consumer brands. Fashion’s consumer brands also experienced steady growth with our own labels now spanning across categories – western wear, Indian wear, lingerie, menswear, accessories and much more. Nykaa Fashion’s growth in the quarter was much ahead than the industry growth but below its long-term trajectory.”