FSN E-Commerce Ventures, the parent company of the online beauty e-commerce platform Nykaa, on Friday reported a 49% year-on-year decline in its consolidated net profit of $ 8.56 billion. Rs in Q4FY21, damaged by an increase in expenses.
The company’s revenue from operations during the period increased by over 31% to Rs 973.32 crore. Total expenses during the quarter increased 35% to Rs 978.64 crore.
“The year has witnessed a challenging macroeconomic environment, pronounced for discretionary categories such as beauty, personal care and fashion. Despite the market downturn, our unique growth history continues and demonstrates the resilience of our business model and long-term sustainability by balancing strong revenue growth and responsible profitability. , ”Said Falguni Nayar, CEO and CEO, Nykaa, adding:” We gained over 6 million new customers in beauty and fashion and experienced superior customer retention with improved metrics across the funnel, from visits to conversions “.
On Friday, the company’s shares closed up 0.93% to Rs 1,351.80 on the Bombay Stock Exchange. The results were declared hours after trading.
