Business & FinanceTop StoryTop StoryLatest News
Nykaa Q2 Net Profit Nearly Triples to ₹101 Crore, Revenue Rises 28%
Sentiment: PositiveHigh Priority
What Happened?
FSN E-Commerce Ventures, Nykaa's parent company, reported a net profit of ₹101.19 crore for Q2FY27, nearly tripling from ₹32.98 crore last year. Revenue rose 28% year-on-year to ₹3,006.04 crore.
Key points
- Net profit increased by 26.8% sequentially.
- Revenue from operations rose to ₹3,006.04 crore from ₹2,345.98 crore last year.
- Earnings before interest, taxes, depreciation, and amortisation (Ebitda) grew 65% year-on-year to ₹263 crore.
- Nykaa Now expanded to 15 cities, aiming for over 25 by FY27.
- The beauty vertical's gross merchandise value (GMV) rose 25% year-on-year to ₹4,454 crore.
- Nykaa acquired an 82% stake in Simply Nam, a premium makeup brand.
Key insights
- The growth in net profit and revenue reflects Nykaa's effective operational strategies.
- Expansion of Nykaa Now could enhance market reach and customer engagement.
- Acquisition of Simply Nam may strengthen Nykaa's position in the premium makeup segment.
Why it matters
Nykaa's strong financial performance indicates robust growth in the beauty and fashion sectors, which could attract more investors.
Tags
Entities
Nykaa· CompanyFSN E-Commerce Ventures· CompanyFalguni Nayar· PersonSimply Nam· Brand
Source
Business Standard
