Nykaa Reports Impressive Growth in Q3 FY25
Nykaa, a leading online beauty and fashion platform, has showcased remarkable growth in Q3 FY25. The company’s revenue from operations experienced a year-on-year increase of 26.8%, while profits surged by 51.7% during the quarter that ended in December 2024.
According to the unaudited consolidated financial statements obtained from the NSE, Nykaa’s revenue from operations reached Rs 2,267 crore in Q3 FY25, a rise from Rs 1,789 crore recorded in Q3 FY24.
The beauty segment played a significant role, making up 90.9% of the total revenue at Rs 2,060 crore. Meanwhile, the fashion segment contributed 8.8% to the operating income during the last quarter.
For Nykaa, the cost of materials represented 57.2% of its overall expenditure, amounting to Rs 1,276 crore in Q3 FY25. Additional expenses associated with employee benefits, finance, marketing, technology, and other overheads led to total costs reaching Rs 2,228 crore for the quarter.
The steady growth in its scale enabled Nykaa to achieve a profit increase of 51.7%, with profits hitting Rs 26.4 crore in Q3 FY25, in contrast to Rs 17.4 crore in Q3 FY24.
Nykaa has successfully acquired a majority stake in Earth Rhythm, building on its initial minority investment made in 2022. This acquisition involved a mix of primary and secondary transactions. Furthermore, Nykaa expanded 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, reflecting a market capitalisation of Rs 48,739 crore ($5.8 billion) for the Mumbai-based company.