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Nykaa has huge lead, edge to actively defend its turf: Founder Falguni Nayar

Economic TimesEconomic Times · 1y ago
Nykaa has huge lead, edge to actively defend its turf: Founder Falguni Nayar
Medial

Indian retailer Nykaa, a major player in the fashion and beauty industry, is prepared to defend its position against competition from conglomerates and new entrants. Nykaa's founder and CEO, Falguni Nayar, stated that the company has a significant advantage in terms of brand recognition, customer base, and business knowledge. With the rapidly growing beauty e-commerce market in India attracting interest from large companies and conglomerates, Nykaa aims to stay focused and exceed customer expectations to retain its position. Nayar is optimistic about the future of beauty and fashion in India, citing the country's young and aspiring population and rising income levels as drivers of growth.

Nykaa posts Rs 2,267 Cr revenue in Q3 FY25, profit soars 52%

EntrackrEntrackr · 5m ago
Nykaa posts Rs 2,267 Cr revenue in Q3 FY25, profit soars 52%
Medial

Nykaa posts Rs 2,267 Cr revenue in Q3 FY25, profit soars 52% Online beauty and fashion platform Nykaa reported strong growth in Q3 FY25, with its revenue from operations rising 26.8% year-on-year and profits surging 51.7% during the quarter ending December 2024. According to its unaudited consolidated financial statements sourced from the NSE, Nykaa's revenue from operations grew to Rs 2,267 crore in Q3 FY25, compared to Rs 1,789 crore in Q3 FY24. The beauty segment accounted for 90.9% of the total revenue at Rs 2,060 crore, while the fashion segment contributed 8.8% of the operating income in the last quarter. For Nykaa, the cost of materials constituted 57.2% of its total expenditure, rising to Rs 1,276 crore in Q3 FY25. Additional spending on employee benefits, finance, marketing, technology, and other overheads brought the company’s total costs to Rs 2,228 crore during the quarter. Steady growth in its scale helped Nykaa achieve a 51.7% increase in profit, reaching Rs 26.4 crore in Q3 FY25, compared to Rs 17.4 crore in Q3 FY24. Nykaa has acquired a majority stake in Earth Rhythm, following its initial minority investment in the company in 2022. This move was achieved through a combination of primary and secondary transactions. Additionally, Nykaa increased its stake in its subsidiary Dot & Key to 90% with an additional investment of Rs 265.3 crore. As of 4:10 PM, Nykaa’s shares are trading at Rs 170.5, giving the Mumbai-based company a market cap of Rs 48,739 crore ($5.8 billion).

Nykaa profits spike over 50% in Q1 FY25; invests Rs 265 Cr in Dot & Key

EntrackrEntrackr · 11m ago
Nykaa profits spike over 50% in Q1 FY25; invests Rs 265 Cr in Dot & Key
Medial

Online beauty and fashion platform Nykaa has managed to improve its topline in the last quarter over Q4 FY24. Its revenue from operations grew 4.7% in the first quarter of the ongoing fiscal year whereas the firm’s profit spiked 51% during the same period. Nykaa’s revenue from operations increased to Rs 1,746 crore in Q1 FY25 from Rs 1,668 crore in Q4FY24, its unaudited consolidated financial statements sourced from National Stock Exchange show. The beauty segment comprised 91% of the total income while fashion accounted for 8.4% to the company’s coffers. At the same time, its gross merchandise value (GMV) stood at Rs 3,321 crore in Q1 FY25. In the last quarter, Nykaa processed 12.4 million orders in the beauty segment and 1.7 million from the fashion vertical. The average order value stood at Rs 1,924 for beauty and Rs 1,237 for fashion. For Nykaa, the cost of materials formed 57.2% of the overall expenditure which increased to Rs 990 crore in Q1 FY25. The firm’s spending on employee benefits, finance, marketing, technology, and other overheads pushed its total cost to Rs 1,731 crore in Q1 FY25. The marginal growth in its scale enabled Nykaa to book an over 50% jump in its profit to Rs 13.6 crore in Q1 FY25 from Rs 9 crore in Q4 FY24. Nykaa also increased its stake in its subsidiary Dot & Key to 90% with an additional consideration of Rs 265.3 crore. Importantly, the Falguni Nayar-led company also increased its stake in Earth Rhythm making it a subsidiary company with an undisclosed investment. The Mumbai-based company is currently trading at Rs 188 (as of Aug 13), with a total market capitalization of Rs 53,697 crore ($6.7 billion).

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