Nykaa's Impressive Q1 FY25 Profit Surge

FSN E-Commerce Ventures, the parent company of Nykaa, reported a significant increase in net profit for Q1 FY25, reaching Rs 13.64 crore. This is over twice the profit of the same period last year. Revenue also saw a 23% rise, mainly driven by the beauty segment.

FSN E-Commerce Ventures, which owns the beauty and fashion platform Nykaa, reported a significant increase in its consolidated net profit for the June quarter of FY25, amounting to Rs 13.64 crore. This more than doubles the Rs 5.42 crore profit reported in the same period a year ago.

Revenue from operations saw a notable increase of about 23%, rising to Rs 1,746.11 crore from Rs 1,421.82 crore. This growth was largely driven by the beauty segment, which experienced a 23% increase in revenue to Rs 1,593.51 crore during the June 2024 quarter, up from Rs 1,298.36 crore a year earlier.

The fashion segment also contributed to the strong performance, with revenue growing by about 21% to Rs 148.6 crore, compared to Rs 122.45 crore in the previous year. Overall, Nykaa's financial results reflect robust growth and an upward trend in consumer demand for beauty and fashion products.

(With inputs from agencies.)