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).