- Nykaa reported a 110% jump in Q4FY25 net profit to ₹19 crore, with annual revenue rising 24% to ₹7,950 crore.
- The company opened 50 new stores in FY25, its biggest offline expansion to date, reaching 237 stores across 79 cities.
FSN E-Commerce Ventures, the parent company of Nykaa, posted a 110% surge in net profit for Q4FY25 to ₹19 crore, driven by robust growth in its beauty vertical, stronger margins, and expanding offline presence.
Revenue from operations rose 24% year-on-year to ₹2,062 crore during the quarter. For the full year, profit climbed 81% to ₹72 crore, with revenue reaching ₹7,950 crore.
Quarterly, before interest, taxes, depreciation, and amortisation (EBITDA), rose 43% to ₹133 crore, pushing margins to 6.5% from 5.6% a year ago. For FY25, EBITDA stood at ₹474 crore—up 37% from FY24—with a 6.0% margin.
Gross Merchandise Value (GMV) rose 27% in Q4 to ₹4,102 crore and 25% annually to ₹15,600 crore.
Nykaa’s core beauty segment posted GMV of ₹11,775 crore in FY25, growing 30% year-on-year. Offline growth played a major role, with 50 new stores opened, bringing the total to 237 across 79 cities.
The offline channel clocked 31% GMV growth and 15% same-store sales growth.
Owned brands such as Dot & Key, Nykaa Cosmetics, and Kay Beauty collectively generated GMV of nearly ₹1,700 crore. Dot & Key alone reached ₹900 crore in GMV, growing 12-fold since its acquisition.
Kay Beauty expanded into the GCC via Nysaa and now ranks among the top five beauty brands on the platform.
Nykaa’s eB2B vertical, Superstore, posted a 57% rise in GMV to ₹941 crore, serving over 276,000 retailers. Contribution margin improved from -17.4% to -12.6%.
Nykaa Fashion reported a GMV rise of 18% in Q4 and narrowed EBITDA losses from -10.3% to -8.3% for the year.
The company secured NCLT approval for restructuring its eB2B operations and merging Iluminar Media into Nykaa Fashion. It also announced a new partnership with Chanel Beauty and Fragrances, now available online and in select Luxe stores.
Edited by Annette George
