Nykaa reported a 72% increase in Q2 FY25 profit to Rs 10 crore, supported by strong sales in beauty and fashion. Total revenue from operations rose 24% year-on-year to Rs 1,875 crore, and gross merchandise value (GMV) increased by 24% to Rs 3,652.5 crore.
Business Highlights
- Beauty Segment: GMV grew 29%, boosted by premium fragrances and the Hot Pink Sale, which attracted 23 million visitors.
- Fashion Segment: GMV rose by 10%, with the gross margin reaching 49.7%.
- Store Expansion: Nykaa added two flagship beauty stores, bringing the total to 210, and introduced 170 new beauty brands and 260 fashion brands.
Financial Snapshot
- EBITDA: Increased by 29% to Rs 103.7 crore.
- Marketing Expenses: Rose 40% to Rs 286 crore, reflecting Nykaa’s push for brand growth and customer acquisition.
Stock Movement
Nykaa shares fell by over 2% to Rs 179 ahead of the results, though the stock is up 18% over the last year.
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Source: Moneycontrol
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