Nykaa’s revenue has increased by 47% on YoY

Spread the love

Online beauty retailer Nykaa today reported a consolidated net profit of ₹1.2 crores for the quarter ending September 2021, down 95% from ₹27 crores reported in the same quarter last year.

The company’s operating profit came in at ₹28 crore during the quarter, with an EBITDA margin of 3.3%.

Its revenue from operations increased to ₹885 crore with a growth of 47% on a year-on-year basis and 8% on a sequential basis. Marketing support revenue grew by 68% year-on-year.

The company’s consolidated Gross Merchandise Value (GMV) during the reporting period grew by 63% year-on-year and 10% quarter-on-quarter to ₹1,622 crore.

Beauty and personal care GMV registered a growth of 38% year-on-year to reach ₹1,185 crore and fashion GMV rose 215% year-on-year to ₹437 crore.

“We have maintained growth momentum in our beauty business, accelerated our fashion business, and focused on building the brand Nykaa with strong marketing campaigns both digitally and mass media. Increased marketing spending has led to an acceleration of customer acquisition, also evident in the unique visitor and transacting customer metrics,” said Falguni Nayar, MD and CEO of Nykaa.

Monthly average unique visitors during the quarter increased to 21 million with year-on-year growth of 62% in the beauty and personal care vertical and to 16 million with YoY growth of 328% in the fashion vertical.

“The company continues to invest in expansion of retail stores and fulfilment capacity ahead of the festive season. In terms of new initiatives, we are pleased to announce the acquisition of the skincare brand, Dot & Key which marks a significant step towards our owned brands strategy,” Falguni Nayar further said.