Nykaa's Stellar Q2 Performance Shines Bright with Multifold Profit Growth

FSN E-Commerce, Nykaa's parent company, reported a significant increase in net profit to Rs 34.4 crore in the September quarter. Revenue increased by 25.13%, reaching Rs 2,345.98 crore. Nykaa's Gross Merchandise Value (GMV) rose 30%, and the company expanded its physical presence with 19 new stores and launched new brands.

FSN E-Commerce, the driving force behind fashion and beauty giant Nykaa, has reported a staggering rise in its consolidated net profit, soaring to Rs 34.4 crore in the latest September quarter. This upswing marks a remarkable leap from the Rs 10.04 crore profit recorded in the same period last year.

In line with the company's strategic growth blueprint, Nykaa's revenue from operations surged by 25.13%, amassing Rs 2,345.98 crore. The brand's consolidated Gross Merchandise Value (GMV) flourished, witnessing a 30% hike year-over-year, translating to an impressive Rs 4,744 crore.

Nykaa CEO Falguni Nayar attributed this robust growth trajectory to accelerated momentum across various categories, underpinned by a blend of strategic brand launches and a burgeoning retail footprint. With a 49 million strong customer base and the unveiling of 19 new stores, the company remains committed to fortifying its omnichannel presence while expanding its luxury and Korean beauty segments.

(With inputs from agencies.)