Nykaa Q2 Update: Net profit tops 70% y-o-y

13 Nov 2024 , 09:20 AM

FSN E-Commerce Ventures reported its quarterly results on Tuesday. The company reported a net profit of ₹10.04 Crore for Q2 FY25, logging a 71.6% increase over the previous year.

The cosmetics company reported a profit of ₹5.85 Crore in the same quarter previous year. On a quarterly basis, net profit increased 4.1%.

FSN’s consolidated revenue for the September quarter was ₹1,874.74 Crore, a 24.4% rise over the previous year’s equivalent quarter of ₹1,507.02 Crore.

On a sequential basis, revenue increased by 7% y-o-y from ₹17,461 Million in June 24. Gross profit for the quarter was ₹8,210 million, up 26% YoY (from ₹6,496 million last year) and 9% QoQ (from ₹7,560 million).

Nykaa’s marketing expenses increased by 40% year on year to ₹236.5 Crore, as the company prioritised brand growth and customer acquisition. Fulfilment costs were 9.3% of revenue, a modest improvement from 9.7% on September 23, indicating improved operational efficiency. 

Despite increasing expenses, Nykaa maintained profitability, with EBITDA growing 29% YoY to ₹103.7 Crore from ₹80.6 Crore in Sep-23 quarter. This results in an EBITDA margin of 5.5%, a little increase from 5.4% last year.

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