FSN E-Commerce Ventures (Nykaa) registered a 33.23% growth in consolidated net profit to ₹4.55 crore in the quarter ending June 30, 2022 (Q1FY23) compared to a profit of ₹3.42 crore in the same quarter last year. The profits are attributable to owners. Consolidated revenue stood at ₹1,148.4 crore in Q1FY23 rising by 40.57% from ₹816.99 crore in Q1 of last year. In the latest quarter, Nykaa continued to grow strongly overall with improvement in gross margin and efficiency in fulfilment expense leading to improvement in overall EBITDA margin year-on-year.
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