Nykaa Q1FY23 Profit Surges 33% | Anchit Nayar Shares Roadmap Ahead

Nykaa's June quarter consolidated profit jumped 33% YoY to Rs 4.55 crore against Rs 3.41 crore in the corresponding quarter of the last year. The company's Q1 revenue was up 41% YoY to Rs 1,148.4 crore vs Rs 817 crore in the June quarter of the last fiscal year. Nykaa said its EBITDA during the quarter was up 71% YoY to Rs 46 crore, while the EBITDA margin also improved to 4% vs 3.3%. The gross profit margin improved 380 bps YoY in Q1FY23. The fashion retailer's gross merchandise value, or GMV, also increased 47% YoY to Rs 2,155.8 crore. Anchit Nayar, CEO, E-commerce Beauty, Nykaa shares more details on the quarter gone by. Watch.#Nykaa #Nykaasales #Nykaashares