Nykaa reported a 36% YoY growth in its gross merchandise value (GMV) to Rs 2,445.4 crore in Q4 FY23.

The company's Beauty and Personal Care (BPC) segment recorded 29% YoY rise in GMV to Rs 1,628.9 crore in Q4 FY23. Monthly average unique visitors grew 22% YoY to 22.5 million, while annual unique transacting customers grew 24% to 10 million. Orders grew 22% YoY to 8.8 million in the quarter, while order conversion improved to 3.8% in Q4 FY23.

The GMV of the e-commerce platform's Fashion vertical grew 38% YoY to Rs 664.1 crore in Q4 FY23 Fashion GMV contributed 13.9% to consolidated GMV this quarter. Monthly average unique visitors grew 8% YoY to 17.3 million, while annual unique transacting customers grew 39% YoY to 2.5 million.

Other GMV which includes new business initiatives increased 170% YoY to Rs 152.4 crore, contributed 6.1% to Consolidated GMV this quarter EBITDA jumped 84% YoY to Rs 70.7 crore and EBITDA margins improved 145 bps to 5.4%.

Profit before tax stood at Rs 8.63 crore in Q4 FY23, recording growth of 48.3% as against Rs 5.82 crore in Q4 FY22.

On full year basis, the company's consolidated net profit declined 53.1% to Rs 19.26 crore despite of 36.3% jump in revenue from operations to Rs 5,143.80 crore in FY23 over FY22.

Nykaa has doubled its own physical store count from 72 at the end of FY21 to 145 beauty stores in FY23, with a total area of more than 1.4 Lakh sq. ft. spanning across 60 cities.

Falguni Nayar, executive chairperson, managing director (MD), and chief executive offier (CEO), Nykaa, said, “our investments towards building the right technology stack as well as customer-first shopping experiences are paying off. This strong step-function growth also comes on the back of improvements across personalization capabilities, breadth and depth of product portfolio, UI UX enhancements, marketing optimizations and quality of in-bound visit traffic. On a visitor conversion level, this number is even higher as customers tend to browse and explore the platform and its wide offerings before finalizing a purchase.”

Nykaa (FSN E-Commerce) is one of India's leading lifestyle-focused consumer technologies platforms. Since its launch, Nykaa expanded its product categories by introducing online platforms Nykaa Fashion, Nykaa Man, and Superstore. Delivering a comprehensive omnichannel e-commerce experience, Nykaa offers over 4,500+ brands through its website and mobile applications.

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