FSN E-Commerce Ventures, which operates Nykaa will be in focus today as the company reported strong numbers in the second quarter ended September 2024.
Nykaa reported 66% growth in its consolidated net profit at Rs 13 crore in the second quarter. It was Rs 7.8 crore in the last quarter.
Revenue from operations in the reporting period rose 24% year-on-year (YoY) to Rs 1875 crore. The company reported an EBITDA growth of 29% YoY to Rs 104 crore in the reporting quarter, while margins improved 18 bps to 5.5%.
The beauty vertical recorded a 29% YoY GMV growth, reaching Rs 2783 crore in Q2FY25. This was fuelled by new customer acquisition growth of 31% YoY, bringing Nykaa's cumulative beauty customer base to 30 million and One Nykaa cumulative base to 37 million.
Also Read: Nykaa Q2 Results: PAT jumps 66% YoY to Rs 13 crore; revenue rises 24%
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