Nykaa, a leading beauty and fashion retailer, excels in offering a wide range of products, with strong digital presence and physical stores, serving the beauty needs of millions.
Nykaa's Q2 net profit soars 50% to INR 7.8 crores, outperforming last year's Q2 results (INR 5.1 crores).
Operational revenue surges 22% in Q2, reaching INR 1,507 crores, reflecting strong growth compared to the previous year.
EBITDA records a 32% annual increase, reaching INR 80.6 crores, with a 5.4% EBITDA margin.
Gross Merchandise Value (GMV) sees a substantial 25% annual growth, totaling INR 2,943 crores, with the BPC segment up by 23%.
Nykaa opens 13 new stores in Q2, expanding its physical retail presence, totaling 165 stores by September 2023.
Fashion segment achieves an annual NSV growth of 32%, increasing AUTC by 30% to 2.8 million by September 2023.