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HomeBusinessNykaa's Q4 profit declines 49% as expenses surge

Nykaa’s Q4 profit declines 49% as expenses surge

Indian beauty products retailer Nykaa’s consolidated net profit nearly halved in the fourth quarter of March 2022 (Q4FY22) period. The firm’s net profit to shareholders stood at 8.56 crore in Q4FY22 down by 49.2% from 16.88 crore in the same quarter last year.

The PAT also declined from 27.93 crore in the preceding quarter.

On the other hand, consolidated revenue from operations stood at 973.32 crore in Q4FY22 rising by 31.4% from 740.52 crore in Q4 of last year. However, revenue declined compared to 1,098.36 crore in Q3FY22.

The earnings were impacted due to a steep surge in expenses amidst dull demand for its personal care and fashion products.

Consolidated total expenses in Q4FY22 increased over 35% to 978.64 crore against 724.50 crore in the same period of the previous fiscal.

On BSE, Nykaa closed at 1351.80 apiece down by 12.65 or 0.93%. At the current stock price, the market cap stood at 64,103.04 crore.

Nykaa will be in focus on stock exchanges next week following its quarterly earnings.

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