Nykaa Net Profit up 330% at Rs 5.2 cr, Revenue up 40%; Shares up 23% in 2 days

Nykaa Q2FY23 Result: Nykaa Net Profit is up 330% at Rs 5.2 cr, Revenue up 40%; Shares up 23% in 2 days

Nov 1, 2022 - 21:16
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Nykaa Net Profit up 330% at Rs 5.2 cr, Revenue up 40%; Shares up 23% in 2 days

Nykaa's stock gained over 2% after the results of the second quarter (Q2FY23). At the same time, the share of Nykaa has increased by more than 23% in 2 days. On Tuesday (November 1), Nykaa's stock closed at Rs 1,180 with a gain of Rs 27.25 (2.36%).
FSN E-Commerce Ventures Limited, the parent company of Nykaa, which deals in beauty products, announced the results for the second quarter (Q2FY23) ended 30 September 2022 today. The company's net profit for the quarter grew by 330% year-on-year to Rs 5.2 crore. The company's net profit in the same quarter last year was Rs 1 crore.
In the second quarter, the company's revenue from operations grew by about 39% year-on-year to Rs 1,230 crore, from Rs 885 crore last year. At the same time, the company's operating profit margin (EBITDA margin) has grown 5% year-on-year, from 3.3% last year.
The company's operating profit (EBITDA) increased by about 112% to Rs 61 crore. Nyka opened 2 new fashion stores on 30 September 2022. With this, the company now has a total of 124 stores in 53 cities.
Last month, the company's board announced the award of bonus shares with a ratio of 5:1. That is, if an investor has one share of the company, then he will be given 5 bonus shares. The company has fixed a record date for this on November 11, 2022.
Shares of Nykaa were listed on BSE-NSE in November last year and the stock has lost over 48% since its debut in the market. The issue price of Nykaa's IPO was Rs 1,125.
On a listing day, Nykaa shares were listed at Rs 2,018 with a premium of 78% from the issue price. The company's 52-week high so far is Rs 2,573.70. At the same time, the market capitalization of Nykaa has increased to Rs 56.28 trillion crores.

Muskan Kumawat Journalist & Writer