Nykaa's Soaring Success: Profit Triples Amidst Expansive Growth
Nykaa parent FSN Ecommerce Ventures reported a threefold increase in net profit to Rs 20.28 crore for the March quarter. The company's revenue rose 23.6% to Rs 2,061.76 crore. For FY25, profits more than doubled to Rs 66.08 crore, with a customer base growth of 28% and 50 new stores opened.
- Country:
- India
FSN Ecommerce Ventures, parent company of Nykaa, announced a remarkable threefold rise in consolidated net profit, reaching Rs 20.28 crore for the March quarter. This improvement comes in contrast to the previous year when the fashion and beauty retailer recorded Rs 6.93 crore in profit.
Revenues surged by 23.6% in comparison to the same period last year, amounting to Rs 2,061.76 crore. However, when viewed sequentially, the company experienced a 22.3% fall in profit and a 9% decline in revenue. Despite this, the full fiscal year 2024-25 saw profits more than double to Rs 66.08 crore.
Nykaa's robust fiscal performance is further underscored by a 28% yearly increase in its customer base, totaling over 42 million. It also expanded its physical presence, opening 50 new retail outlets, summing up to 237 stores. The company's gross merchandise value also reached an impressive Rs 15,604 crore.
(With inputs from agencies.)
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