Nykaa’s Q2 Profit Zooms 66% To INR 13 Cr

Nykaa’s consolidated net profit surged 66.3% to INR 12.97 Cr in Q2 FY25 from INR 7.8 Cr in the year-ago period

Revenue from operations jumped 24.4% to INR 1,874.74 Cr during the quarter under review from INR 1,746.11 Cr in Q2 FY24

Total expenses jumped 23.7% year-on-year (YoY) and 7.3% QoQ to INR 1,858.93 Cr

Beauty and fashion ecommerce major Nykaa’s consolidated net profit surged 66.3% to INR 12.97 Cr in the second quarter of the financial year 2024-25 (Q2 FY25) from INR 7.8 Cr in the year-ago period, as the beauty and personal care (BPC) vertical delivered strong growth. 

However, profit declined 4.9% from INR 13.64 Cr reported in the preceding June quarter.

Revenue from operations jumped 24.4% to INR 1,874.74 Cr during the quarter under review from INR 1,746.11 Cr in Q2 FY24. On a quarter-on-quarter (QoQ) basis, revenue increased 7.2% from INR 1,753.44 Cr. 

Nykaa’s cumulative customer base for its BPC and fashion verticals grew 31% YoY to 3.72 Cr from 3.32 Cr at the end of the year-ago quarter.  

Earlier this month, the company had said that it was expecting to report a growth in the “mid-twenties” range on its revenue. 

According to Nykaa’s investor presentation for the September quarter, the company’s gross merchandise value (GMV) increased 24% year-on-year (YoY) to INR 3,652.5 Cr. EBITDA jumped 29% to INR 103.7 Cr from INR 80.6 Cr in Q2 FY24. EBITDA margin also improved by 18 basis points YoY to 5.5%.