Beauty and personal care marketplace Nykaa's net profit grew 66% to Rs 13 crore in the second quarter of FY25, helped by festive demand. FSN E-Commerce Venture, the parent company of Nykaa, clocked a 24% growth in operating revenue at Rs 1,874.7 crore, compared to Rs 1,507 crore in the second quarter of FY24, according to exchange filings.
The Falguni Nayar-led company posted a 24% growth in gross merchandise value (GMV) at Rs 3,652 crore during the three months ended September 30, 2024. Its beauty vertical witnessed a 29% growth in GMV, while the fashion segment clocked 10% growth during the reporting quarter. Nykaa had earlier said it expects mid-twenties revenue growth during the second quarter of FY25.
It expected its beauty vertical to post mid-twenties growth in net revenue and net sales value. GMV for the beauty segment clocked a much higher growth, mainly driven by strong performance across omnichannel retail businesses, owned brands, and eB2B distribution business, ahead of the . A month ago, the vertical marketplace had allotted 3.
08 lakh equity shares under its ESOP (employee stock option plan) scheme, adding to the series of ESOP activities it has undertaken so far this year. Shares of the company closed about 3% lower at Rs 179 apiece before the results were announced. Edited by Swetha Kannan.
