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Nykaa had reported a consolidated net profit of Rs 1.2 crore for the quarter ending September 2021, down 95 per cent from Rs 27 crore reported in the same quarter last year. The company’s operating profit came in at Rs 28 crore during the quarter, with an EBITDA margin of 3.3 per cent.
Its revenue from operations increased to Rs 885 crore with a growth of 47 per cent on a year-on-year basis and 8 per cent on a sequential basis. Marketing support revenue grew by 68 per cent year-on-year. The company’s consolidated Gross Merchandise Value (GMV) during the reporting period increased by 63 per cent year-on-year and 10 per cent quarter-on-quarter to Rs 1,622 crore.
Beauty and personal care GMV registered a growth of 38 per cent year-on-year to reach Rs 1,185 crore, and fashion GMV rose 215 per cent year-on-year to Rs 437 crore.
“We have maintained growth momentum in our beauty business, accelerated our fashion business and focused on building the brand Nykaa with strong marketing campaigns both digitally and mass media. Increased marketing spending has led to an acceleration of customer acquisition, also evident in the unique visitor and transacting customer metrics,” said Falguni Nayar, MD and CEO of Nykaa.
Monthly average unique visitors during the quarter increased to 21 million with year-on-year growth of 62% in beauty and personal care vertical and 16 million with YoY growth of 328 per cent in fashion vertical.
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“The company continues to invest in the expansion of retail stores and fulfillment capacity ahead of the festive season. In terms of new initiatives, we are pleased to announce the acquisition of the skincare brand, Dot & Key which marks a significant step towards our owned brands strategy,” Falguni Nayar further said.
