The company’s net profit increased to Rs 26.12 crore during the third quarter of the current fiscal (Q3FY25), attributable to the equity shareholders of the parent
With the beauty vertical witnessing accelerated growth momentum as it reached gross merchandise value (GMV) of Rs 33,899 million in the third quarter of the current financial year (Q3FY25), Nykaa, an omnichannel fashion and beauty retailer has reported a 61 per cent year-on-year (YoY) surge in its consolidated net profit in Q3FY25. The company’s net profit increased to Rs 26.12 crore, attributable to the equity shareholders of the parent.
The unaudited consolidated financial results of FSN Ecommerce Ventures revealed a 27.74 per cent YoY increase in its revenue from operations which rose to Rs 2,267.21 crore in Q3FY25 from Rs 1,788.8 crore in Q3FY24. The total expenses of the company also marked an uptick to Rs 2,228.18 crore in Q3FY25 from Rs 1,769.89 crore in the corresponding period of the previous year.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) grew 42 per cent on a YoY basis to Rs 140.8 crore during the recently concluded quarter. The company’s cumulative beauty customer base grew to 32 million and One Nykaa cumulative base reached 40 million.
As far as the offline network is concerned, At 221 physical stores spanning 73 cities, Nykaa has added over 47 stores in the last one year. GMV productivity was Rs 4,250 per square feet per month, as per the company’s statement. Nykaa Beauty Vertical continues to bring new global brands to the country, introducing over 200 new brands in Q3FY25.
Nykaa Fashion witnessed a healthy revenue growth of 21 per cent YoY, in a subdued demand environment with GMV growth of 8 per cent YoY. LBB – Nykaa’s content platform business saw strong growth this quarter aided by hugely successful marketing campaigns and events such as Nykaaland and Nykaa wali Shaadi, driving overall higher revenue growth for the fashion vertical, as per the statement from the company.
