Nykaa revenue grew 47% to Rs 885 crore for September quarter as profits declined

noticed a 63% year- on-year and 10% sequential progress in gross merchandise worth (GMV) for the quarter ended September 30, mentioned FSN E-Commerce Ventures Ltd, the mother or father entity of the newly listed magnificence e-tailer mentioned in regulatory filings late on Sunday.

The corporate’s complete GMV stood at Rs 1,622.9 crore for the quarter towards Rs 997.1 crore in the identical interval final yr. GMV in ecommerce means the worth of complete items offered on a platform, together with reductions however excluding returns.

Nykaa’s consolidated revenue from operations grew 47% yoy to Rs 885.30 crore. Sequentially, the income progress fee was 8%, it mentioned in inventory change filings.

For the half yr, income rose 91% to Rs 1,702.3 crore.

Earnings earlier than curiosity, tax, depreciation and amortisation (Ebitda) dropped 48% to Rs 28.8 crore for the second quarter, from Rs 55 crore in the identical interval final yr.

Nykaa’s founder and CEO Falguni Nayar advised ET in an interview to ET final week that the corporate would proceed to give attention to progress throughout magnificence and style companies.

“It’s a multi-year journey and we imagine that over the subsequent 5 years we’ll proceed to develop each our magnificence and style companies multi-fold. Equally,
the house of brands will also continue to grow, as we turn into extra like a client firm which has plenty of manufacturers inside its fold. We’re additionally establishing our e-B2B (business-to-business) vertical — the Tremendous Retailer the place we’ll promote magnificence to retailers,” Nayar had mentioned.

Web profit for the Mumbai-based firm fell to Rs 1.2 crore towards Rs 27 crore within the corresponding interval.

The style enterprise grew 295% yr on yr to Rs 11.5 crore, towards Rs 2.9 crore. Whereas the revenues from the wonder enterprise got here in at Rs 22 crore towards Rs 17.1 crore within the year-ago interval, clocking a 29% progress.

On a quarter-on-quarter foundation, progress stood at 3% for its magnificence enterprise and 16% for style, the filings confirmed.

Nykaa, hit the Indian inventory exchanges on November 10 in what was a bumper debut for the Mumbai-based agency.
Nykaa‘s market cap went previous Rs 1 lakh crore after the inventory began buying and selling at almost 80% premium to its difficulty worth of Rs 1,125.