FSN E-Commerce Ventures, the parent firm of fashion and beauty brand Nykaa, has registered a 51 percent year-on-year growth in net profit in the third quarter of FY25, at ₹26.4 crore. That is more than the ₹17.5 crore profit it notched in the corresponding quarter in the previous year and almost two times the ₹13 crore registered in Q2 FY25.
The company’s consolidated revenue from operations rose 27 percent year-on-year to ₹2,267 crore, from ₹1,789 crore a year ago and ₹1,875 crore in the previous quarter. The growth was as expected by the company of “higher than mid-twenties” revenue growth.
The revenue growth was spearheaded by Nykaa’s beauty vertical, its main business, which sustained robust momentum across its e-commerce website, retail stores, owned brands, and eB2B distribution. The company had earlier expected the gross merchandise value (GMV) of this segment to grow in the low thirties.
Total expenses increased 26 percent year-on-year to ₹2,228 crore in Q3 FY25, from ₹1,770 crore in the same quarter last year. Its highest expense was the purchase of traded goods, which increased just 4 percent year-on-year to ₹1,285 crore. Employee costs increased 18 percent year-on-year to ₹175 crore.
Despite healthy earnings, Nykaa’s share price fell 2.3 percent to ₹169.44 on the NSE at the close of the trading session on February 10, before its Q3 results announcement.
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Source: Moneycontrol.
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