Nykaa posts Rs 6,386 Cr revenue and Rs 40 Cr PAT in FY24
Nykaa, an online fashion and beauty commerce platform, reported a 24.1% growth in revenue, reaching Rs 6,386 crore in FY24, up from Rs 5,144 crore in FY23. Profit after tax surged by 90.5% to Rs 40 crore. Despite a 6.8% sequential drop in Q4 revenue, total income for the year stood at Rs 6,416 crore. Costs related to procurement and operations increased, but effective cost management led to improved profitability. The company also announced new ESOP options for employees.
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https://entrackr.com/2024/05/n....ykaa-posts-rs-6386-c
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