|
Revenue from operations increased 22.44% YoY to Rs 1507.02 crore in Q2 FY24, This is despite the festive season witnessing a delay this year, moving into October versus commencing in September last year.
Profit before tax jumped 51.43% to Rs 13.25 crore during the quarter as compared with Rs 8.75 crore recorded in Q2 FY24.
EBITDA stood at Rs 80.6 crore in Q2 FY24, registering a growth of 32% as compared with Rs 61.1 crore posted in corresponding quarter last year, growth was on the back of both direct and indirect costs efficiencies. EBITDA margin expanded by 38bps to 5.4% in Q2 FY24 as against 5% in Q2 FY23.
Gross Merchandise Value (GMV) grew 25% YoY to Rs 2,943.5 crore in Q2 FY24. Net sales value (NSV) increased 24% to Rs 1,498.3 crore in Q2 FY24 as compared with Rs 1,204.9 crore in Q2 FY23.
Beauty and Personal Care (BPC) GMV grew at 23% YoY, with an NSV growth of 19% YoY. Physical retail business continued to expand in post-covid world on the back of 13 new stores launched in the quarter, totalling 165 stores as of 30 September 2023.
Consolidated revenue from operations in fashion business stood at Rs 130.5 crore, recording a growth of 28% on a YoY basis, led by an increase in annual unique transacting customer (AUTC) which grew at 30% YoY to 0.28 crore as on 30 September 2023.
New businesses at Nykaa, which includes Superstore by Nykaa, witnessed NSV of Rs 98.6 crore for the quarter, growing at 105% on a YoY basis. Superstore business has scaled up to serving almost 1.3 Lakh transacting retailers across 770 cities as on 30 September 2023.
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 6,000 brands through its website and mobile applications.
|