Nykaa Q3 Net Profit Jumps at Rs. 29 Crores

Nykaa’s parent company, FSN E-Commerce Ventures Ltd, reported a consolidated net profit of Rs. 29 Crores in the quarter ended on 31 December 2021─ marking a stellar 2,376% quarter-on-quarter rise. Keep scrolling to get the details!
Get an Insight into Nykaa’s Revenue!

The consolidated revenue of Nykaa from its operations surged from Rs. 885.27 crores during Q2 FY 22 to Rs. 1,098.36 crores during Q3 FY 22, thereby increasing 24%. The entity, that went public in October 2021, posted a Rs. 6 lakhs earnings per share (face value is Re 1 each), hiked from Rs. 30,000 of the preceding quarter.

Nykaa’s paid-up equity share capital is worth Rs. 47.30 crores. Its consolidated GMV (Gross Merchandise Value) stood at Rs. 2,043.50 crores, establishing a 26% quarter-on-quarter rise and a 49% year-on-year rise. This is an 83% YTD (year-to-date) increase. The EBITDA (earnings before interest, taxes, depreciation and amortisation) amounted to Rs. 69 crores, with a 6.3% margin.

‘Beauty and Personal Care’ sector of the company rises 32 percent YoY and 29 percent QoQ, standing at Rs. 1,533 crore millions during Q3 FY 22─ a 58% YTD jump. Additionally, its Fashion sector grew 137% YoY and 17% sequentially to around Rs. 510.20 crores, with a contribution of 25% to its consolidated GMV in Q3. It vindicated a whopping 236% YTD surge.
Know About Nykaa!

Nykaa is an e-commerce entity engaged in the sale of fashion, personal care and beauty products. Falguni Nayar founded this company in the year 2012. The brand offers a substantial collection of wellness, luxury, bath and body, fragrances, haircare, skincare and cosmetic products for both men and women.
It facilitates priced branded and suitably prepared products, reporting to receive above 1.5 millions every month throughout India.

Parting Words
Despite the COVID-19 induced lockdowns, Nykaa has continued to grow steadily with its innovative product lines and brand extension. The launch of its IPO boosted its margins. Besides, it has garnered faithful consumers over the years. The Fashion, as well as the Beauty and Personal Care segments, backed the impressive performance of this platform.

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Frequently Asked Questions

1. What is the net worth of Falguni Nayar?
After a massively successful IPO, Falguni Nayar’s net worth increased to $6.5 billion. Bloomberg Billionaires Index has reported this figure.

2. What are the three formats of Nykaa’s stores?
At present, Nykaa has three different formats of stores namely Kiosks, On Trend and Luxe.

3. What do Nykaa’s Luxe stores comprise?
Luxe stores of Nykaa feature luxury and premium brands such as M.A.C Cosmetics, Huda Beauty, Dior and Estee Lauder.

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