A naukri.com initiative
Inc42
2d
51
Image Credit: Inc42
Nykaa’s Q2 Profit Zooms 66% To INR 13 Cr
- Nykaa’s net profit jumped by 66.3% in Q2 FY25 due to the strong growth in the beauty and personal care (BPC) sector despite the fashion industry delivering weaker figures.
- Nykaa has raised the number of cumulative customers for its sectors to 3.72 Cr in Q2 FY25, a YoY increase of 31%.
- The company’s gross merchandise value on its makeup has grown 24% YoY to INR 3,652.5 Cr.
- While the BPC vertical has experienced revenue acceleration of 24.3% YoY due to a surge in new customers, the fashion vertical experienced a revenue growth of 21.7% YoY with its GMV up 10%.
- Nykaa saw increased international business growth with INR 5.76 Cr being generated in Q2 FY25, despite incurring a loss of INR 6.63 Cr in overseas trade.
- Total expenses of the company increased by 23.7% YoY and 7.3% QoQ to INR 1,858.93 Cr due to rising employee benefit expenses and the company’s major purchase of trade goods.
- Nykaa also expanded its physical stores across India to expand its beauty offerings, with the physical channel contributing 8.2% to omnichannel beauty GMV.
- The company continued to deliver next-day delivery and same-day delivery logistics with 70% coverage across Top 110 cities.
- Nykaa is expected to continue to focus on quick deliveries for consumers.
- The company released its Q2 numbers after market hours and shares of Nykaa ended the trading session 2.66% lower at INR 177.65 on the BSE.
Read Full Article
3 Likes
For uninterrupted reading, download the app