Nykaa Q4 Preview: Sales to see double-digit growth YoY, led by BPC ops

Nykaa, owned by FSN-Ecommerce Ltd, is expected to report high double-digit revenue growth in Q4 2022, driven by a rise in gross merchandise value. Despite revenue growth from its beauty and personal care (BPC) segment, analysts have varying estimates for Nykaa’s bottomline, with ICICI Securities predicting a profit of INR 9 crore and Nuvama Institutional Equities estimating a loss of INR 1 crore. Some analysts expect cost control measures to aid EBITDA margin expansion, while others predict negative operating leverage impacting EBITDA margin. Nykaa’s Q4 results are due to be released on 15 June.