Omnichannel beauty and fashion giant Nykaa posted impressive growth in Q2 FY25, with revenue from operations reaching Rs 1,874.74 crore—a 24.4% year-on-year increase. Profits also saw a significant 66.3% jump, crossing into double-digit territory.
The company’s unaudited financial results, shared with the Bombay Stock Exchange (BSE), reveal that its core beauty segment continues to dominate, contributing 91% of its revenue. Beauty sales rose 24.56% YoY to Rs 1,705.89 crore, while the fashion segment saw a 21.68% increase, generating Rs 166.09 crore. An additional Rs 5.3 crore from other income brought Nykaa’s total income to Rs 1,880 crore for the quarter.
Nykaa’s diverse portfolio includes private labels such as skincare brands Dot & Key and Earth Rhythm, jewelry brand Pipa Bella, and fashion retailers Gajra Gang and Kica. During Q1 FY25, Nykaa increased its stake in Dot & Key to 90% with an investment of Rs 265.3 crore, solidifying its position in the skincare market.
Operational expenses also grew in Q2 FY25, rising 23.74% to Rs 1,858.93 crore. Key contributors included material costs, which surged 22.9% to Rs 1,053.72 crore, representing 56.68% of total expenses. Employee benefits climbed by 18.46% to Rs 161.49 crore, while depreciation expenses rose by 16.46% to Rs 63.62 crore. Additional expenses of Rs 580.1 crore remained undisclosed.
Nykaa’s profit for the quarter reached Rs 12.97 crore, marking a significant 66.28% YoY increase from Rs 7.8 crore in Q2 FY24. The company’s ROCE stood at 2.88%, and its EBITDA margin reached 5.8%. Operational efficiency showed improvement, with Nykaa spending Re 0.99 to earn every rupee of operating revenue.
In a competitive landscape featuring Amazon, Flipkart, Myntra, and niche platforms like Purplle, Nykaa has solidified its market position. As of today, the company’s market capitalization stands at Rs 51,151 crore, with shares trading at Rs 179.01 at the close of trading.
This quarter’s performance underscores Nykaa’s resilience and strategic growth across its beauty and fashion verticals.