Nykaa Q2 results – Revenue raises 47% on YoY

Nykaa Q2 results – Revenue raises 47% on YoY

Nykaa Q2 results: In recent days, Nykaa stood as multibagger stock in the stock market. On a listing day, the share price of Nykaa was listed with 80% gains. The company posted Q2 results. It reported a consolidated net profit of Rs. 1.2 crores for Q2 of the financial year 2022. Moreover, the operational revenue stood at Rs. 885.30 crores which raised nearly 47% against Rs. 603.80 crores in the same quarter a year ago.

On the other hand, Nykaa had generated a consolidated net profit of Rs. 27 crores in the year-ago period.

In the second quarter of FY22, The firm posted an EBITDA of Rs 28.8 crore which was down 48% year-over-year in comparison with the previous year’s quarter. EBITDA margin was 3.03% compared with 9.01%.

In the July-September quarter, the gross profit margin increased 345 basis points (bps) from the previous quarter’s 39.3 percent.  In its earnings release, the company outlined an improvement of 213 bps on a sequential basis, primarily due to an increase in the share of GMV from owned brands and an increase in the share of fashion gross merchandise value (GMV).

According to the source, Beauty and personal care firm IPO experienced huge demand from all types of investors. Moreover, the public issue subscribed 81.78 times during that time.  Today, the share value reached Rs. 2,290.05 with a loss of 69 points. However, the market expert felt that it will bounce back soon.
Disclaimer: However, this article offers just information. It does not provide any advice or investment tips to investors. Please consult your financial advisor before investing.

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