Nykaa Q4 profit quadruples to Rs 78.4 cr; fashion turns EBITDA positive as stock jumps 4%
FSN E-Commerce posted Q4 net profit of Rs 78.4 cr vs Rs 20.3 cr YoY on revenue of Rs 2,648 cr (+28.4%). Beauty grew 27%, fashion 40% with maiden EBITDA profitability. Jefferies raised TP to Rs 350; Citi and Macquarie stay bearish. Stock up 4.04% to Rs 281.10, +38% over 12 months.
What happened
Nykaa Q4 net profit quadrupled to Rs 78.4 cr on revenue of Rs 2,648 cr (+28.4%), with beauty up 27% and fashion up 40% turning EBITDA positive. Stock rose 4%;
Key facts
- Share price Rs 281.10
- +4.04% intraday
- Q4 net profit Rs 78.4 cr vs Rs 20.3 cr YoY
- Revenue Rs 2,648 cr (+28.4% YoY)
- Beauty revenue +27%
- Fashion revenue +40%
- Jefferies TP raised to Rs 350 from Rs 315
- 12-month stock return +38.06%
- YTD +5.03%
Why this matters
Fashion's EBITDA inflection makes Nykaa a more credible consolidator in Indian beauty-and-lifestyle commerce, opening room for tuck-in brand acquisitions or category expansion now that the second engine is self-funding.