Nykaa, the leading beauty and personal care (BPC) e-commerce platform in India, reported a strong year-on-year (YoY) performance for the fourth quarter of financial year 2024-25 (Q4 FY25), showcasing its resilience in a competitive market. The company’s consolidated net profit surged 110% YoY to INR 19.1 crore, compared to INR 9.1 crore in Q4 FY24. However, the sequential comparison reveals a 28% decline in net profit from INR 26.4 crore in Q3 FY25.
Nykaa’s operating revenue rose 24% YoY to INR 2,061.8 crore, reflecting strong demand across its product segments and consistent consumer engagement. The growth came on the back of festive season spillovers, expanding product categories, and a solid performance from its fashion and beauty verticals. However, the company witnessed a 10% quarter-on-quarter (QoQ) drop in revenue from INR 2,267.2 crore in Q3 FY25, partially attributed to seasonal normalization and shifting consumer spending patterns.
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ToggleOne of the key highlights of Nykaa’s Q4 FY25 performance was the 43% YoY growth in EBITDA, which rose to INR 133 crore. The EBITDA margin expanded by 90 basis points YoY to 6.5%, signaling improved cost efficiencies and better operating leverage. The company’s ability to balance growth with profitability is a positive indicator for long-term sustainability.
Furthermore, Gross Merchandise Value (GMV) jumped 27% YoY to INR 4,102 crore, underlining Nykaa’s strong marketplace execution and expanding consumer base. The company continues to focus on improving platform experience and optimizing logistics, which has played a vital role in supporting this GMV growth.
Nykaa’s total income for the quarter stood at INR 2,070.7 crore, which includes INR 9 crore from other income. This marks a 24% YoY growth, reinforcing the company’s consistent upward trajectory in revenue streams. However, on a sequential basis, total income dipped 9% QoQ, aligning with the decline in revenue.
On the expenditure front, total expenses grew 23% YoY to INR 2,031.2 crore, driven by higher marketing spends, warehousing costs, and logistics expenses. Despite the increase in costs, Nykaa managed to maintain healthy margins, supported by scale-driven efficiencies and prudent cost controls.
Nykaa’s continued investment in technology, customer experience, and category expansion is expected to fuel future growth. The platform is also diversifying into new verticals, including fashion, home, and wellness, further broadening its revenue base.
With strong year-on-year performance, improving margins, and expanding GMV, Nykaa is positioning itself as a key digital-first retailer in India’s fast-evolving e-commerce landscape. While the quarter-on-quarter dip reflects short-term fluctuations, the overall fundamentals remain strong.
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