Stock Report

Nykaa Quarterly Revenue Update - Q2 FY2025

Posted On : 2024-10-07 23:08:43( TIMEZONE : IST )

Nykaa (FSN E-Commerce Ventures Limited along with its subsidiaries) witnessed a strong performance with consolidated Net Revenue growth of mid-twenties in Q2 FY2025.

Nykaa's beauty vertical has delivered a robust Net Revenue as well as Net Sales Value (NSV) growth of mid-twenties, with GMV growth even higher. Strong overall performance was seen across omnichannel retail business, owned brands as well as eB2B distribution business, ahead of the festive season. Dot & Key, a new age skincare brand, continues to experience rapid growth, with Nykaa expanding ownership to 90% at the beginning of this financial year.

The Fashion vertical's NSV growth is seen at around early teens. The acquisition of LBB, Nykaa's content platform business, continues to perform well, delivering high growth taking the overall vertical's revenue growth to early twenties for this quarter.

The beauty ecosystem in India continues to experience rapid expansion, fueled by accelerating demand, supported by rising per capita income and consumption.

Fashion industry is expected to experience similar growth momentum in the longer term. However, consumption has witnessed subdued demand in the first half of this financial year but industry expects to see gradual revival during the second half, driven by the festive and wedding season.

Note: All the growth numbers in the update are for the Q2 FY2025 compared to the same quarter in the previous financial year.

Shares of FSN E-Commerce Ventures Ltd was last trading in BSE at Rs. 193.95 as compared to the previous close of Rs. 192.20. The total number of shares traded during the day was 273900 in over 4411 trades.

The stock hit an intraday high of Rs. 195.05 and intraday low of 188.85. The net turnover during the day was Rs. 52590805.00.