Indian magnificence merchandise retailer Nykaa’s consolidated internet revenue almost halved within the fourth quarter of March 2022 (Q4FY22) interval. The agency’s internet revenue to shareholders stood at ₹8.56 crore in Q4FY22 down by 49.2% from ₹16.88 crore in the identical quarter final yr.
The PAT additionally declined from ₹27.93 crore within the previous quarter.
Alternatively, consolidated income from operations stood at ₹973.32 crore in Q4FY22 rising by 31.4% from ₹740.52 crore in This fall of final yr. Nonetheless, income declined in comparison with ₹1,098.36 crore in Q3FY22.
The earnings had been impacted resulting from a steep surge in bills amidst uninteresting demand for its private care and style merchandise.
Consolidated whole bills in Q4FY22 elevated over 35% to ₹978.64 crore in opposition to ₹724.50 crore in the identical interval of the earlier fiscal.
On BSE, Nykaa closed at ₹1351.80 apiece down by ₹12.65 or 0.93%. On the present inventory value, the market cap stood at ₹64,103.04 crore.
Nykaa will probably be in deal with inventory exchanges subsequent week following its quarterly earnings.
Supply: Live Mint