Nykaa is the online cosmetic shopping platform that rallied 3.67% to Rs 1,200 after the company reported a net profit (consolidated) of Rs 4.11 crore in the second quarter of FY23 higher than Rs 1.17 crore posted in the second quarter of FY22.

• Glenmark Pharma Shares Gain 1% on Receiving USFDA Approval 
• Stocks Under F&O Ban: Vodafone Idea
• Stocks in Focus: Vodafone Idea, Maruti Suzuki, ICICI Bank, and Others
• Vedanta Outlook for the Week (April 29, 2024 – May 03, 2024)
• Tata Steel Outlook for the Week (April 29, 2024 – May 03, 2024)

The company’s revenue from operations jumped 39.04% to Rs 1230.83 crore in Q2FY23 from Rs 885.26 crore recorded in Q2FY22.

On a consolidated basis, PBT surged Rs 8.76 crore in the second quarter of FY23 compared to Rs 1.37 crore posted in the second quarter of FY22.

Nykaa continued to demonstrate strong GMV (gross merchandise value) growth with improvement in gross margin and marketing cost leading to improvement in EBITDA margin yearly and efficiency in fulfilment, the company said.

During the second quarter, consolidated GMV grew 45% year-on-year to Rs 2,345.7 crore.

Gross profit surged 45% year-on-year to Rs 557.7 crore in the second quarter of FY23 at a margin of 45.3%, up 259 bps year-on-year. EBITDA zoomed 112% yearly to Rs 61.1 crore in the second quarter of FY23. EBITDA margin improved to 5 per cent in the second quarter of FY23 compared with 3.3 per cent reported in the second quarter of FY22.

Beauty and Personal Care (BPC) GMV grew 39 per cent yearly to Rs 1,630.1 crore in the second quarter of FY23. Fashion GMV surged 43% yearly to Rs 599.1 crore in the second quarter of FY23. Fashion GMV contributed 26% to Q2FY23.

Nykaa is a leading lifestyle-focused consumer technologies platform founded in 2012. Over 4,500 brands and 4.6 million product SKUs through its website and mobile applications.