Nykaa's Q3 Profits Surge 51.7% as Revenue Grows 26.8%
by Aishwarya Bhatt
· February 11, 2025
The beauty and fashion e-commerce platform Nykaa reported strong financial performance for Q3 FY25, with profits jumping 51.7% and revenue growing 26.8% year-on-year for the quarter ending December 2024.
Financial Highlights
According to unaudited consolidated financial statements filed with the NSE, the company achieved:
- Revenue from operations of Rs 2,267 crore, up from Rs 1,789 crore in Q3 FY24
- Net profit of Rs 26.4 crore, increasing from Rs 17.4 crore year-on-year
- Total costs of Rs 2,228 crore
Segment Performance
Revenue breakdown by segment:
- Beauty segment: Rs 2,060 crore (90.9% of total revenue)
- Fashion segment: 8.8% of operating income
Operational Costs
Key expenditure components included:
- Materials cost of Rs 1,276 crore, representing 57.2% of total expenditure
- Additional expenses spanning employee benefits, finance, marketing, and technology
Strategic Acquisitions
The company has strengthened its market position through strategic investments:
- Acquired majority stake in Earth Rhythm, following a minority investment in 2022
- Increased stake in subsidiary Dot & Key to 90% with Rs 265.3 crore investment
The Mumbai-based company's shares are trading at Rs 170.5, with a market capitalization of Rs 48,739 crore ($5.8 billion).