Nykaa March Quarter Profit Triples On Year Despite Sequential Dip

FSN E-Commerce Ventures Ltd., which owns Nykaa, posted a consolidated net profit of ₹202.8 million for the January–March quarter, up from ₹69.3 million a year earlier. Sequentially, profit declined over 22%.

Quarterly revenue rose 24% on year to ₹20.62 billion, though it fell more than 9% sequentially. Total expenses rose 23% on year, with a notable 83% drop in materials cost to ₹12.8 million. Finance costs increased 41%, and other expenses also rose.

For 2024–25, Nykaa’s net profit more than doubled to ₹660.8 million, and revenue rose 24% to ₹79.5 billion. The beauty segment’s quarterly revenue rose nearly 25% to ₹18.95 billion, while fashion rose 11% to ₹1.61 billion.

Gross merchandise value for the quarter rose 27% to ₹41.02 billion. The beauty vertical’s GMV grew 30% to ₹117.8 billion, and its EBITDA margin climbed to 9.6%, the highest in eight quarters.

The company added over 50 stores across 11 cities, raising its total store count to 237. Retail space expanded 45% to 250,000 square feet.