Magnificence retailer Nykaa’s first quarter internet revenue grows 33% – The New Indian Categorical

Of Categorical information service

BENGALURU: The guardian firm of magnificence retailer Nykaa FSN E-Commerce Ventures posted a 33% improve in consolidated internet revenue to Rs 4.55 crore within the June quarter in comparison with Rs 3.41 crore within the June quarter on Friday. quarter of final 12 months.

Nonetheless, in sequence, the corporate’s revenue fell by 47% from Rs 8.56 crore within the final quarter. Its income from operations grew 41% to Rs 1,148 crore within the first quarter in comparison with Rs 817 crore within the interval a 12 months in the past.

The corporate’s EBITDA grew 71% yoy to Rs 46.1 crore within the first quarter of 2023. The EBITDA margin as a proportion of working income improved to 4.0% within the first quarter from 3.3 % in the identical quarter final 12 months, pushed by the development in gross margin and the effectivity of development prices.

The corporate’s board of administrators on Friday authorized the acquisition of 100% of Illuminar Media, which manages and operates a digital platform.

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