Market Performance
FSN E-Commerce Ventures, the parent company of Nykaa, has announced its Q4FY25 financial results. The company reported strong year-on-year (YoY) growth across key financial metrics.
- Consolidated Net Profit rose nearly three-fold YoY to ₹20.28 Crore, up from ₹6.93 Crore in Q4FY24.
- However, on a quarter-on-quarter (QoQ) basis, profit declined by 22.36%, compared to ₹26.12 Crore in Q3FY25.
Main News: Revenue and GMV Surge
Nykaa posted impressive revenue and gross merchandise value (GMV) figures for Q4 FY25, reflecting robust business momentum.
Revenue
- ₹2,061.76 Crore in Q4FY25, marking a 23.61% YoY increase over ₹1,667.98 Crore in Q4FY24.
- However, revenue fell 9% quarter-over-quarter (QoQ), from ₹2,267.21 Crore in Q3 FY25.
GMV (Gross Merchandise Value)
- ₹4,102 Crore GMV in Q4FY25, up 27% YoY.
- For the full fiscal year FY25, GMV reached ₹15,604 Crore, a 25% YoY increase.
Company Financials
EBITDA
- EBITDA for Q4FY25 grew 43% YoY to ₹133 Crore.
- Full-year EBITDA for FY25 stood at ₹474 Crore, showing a 37% YoY rise.
EBITDA Margins
- Q4FY25 margin improved to 6.5%, up 90 basis points from 5.6% in Q4FY24.
- Full-year margins rose to 6% from 5.4% in FY24.
Net Profit
- Annual net profit surged 81% YoY to ₹72 Crore in FY25.
Company Highlights
Nykaa continues to strengthen its market position across verticals:
- The Superstore by Nykaa distribution business saw 57% YoY GMV growth, touching ₹941 Crore in FY25.
- It now serves over 2.76 lakh retailers in nearly 1,100 towns and cities, making it the largest B2B beauty distribution platform of its kind in India.
Beauty Segment Growth
- The beauty vertical’s GMV reached ₹11,775 Crore, registering a 30% year-over-year growth.
- Nykaa expanded its premium brand portfolio by launching iconic international names like:
- Yves Saint Laurent
- Armani Beauty
- NARS
- Kerastase
- GHD
- Eucerin
- Supergoop
- Nexxus
Summary
The Nykaa Q4 Results highlight a solid financial performance, with profit tripling YoY and revenue rising 24% annually. Despite a quarter-over-quarter (QoQ) dip in revenue and profit, the company’s substantial gross merchandise volume (GMV) growth, improved EBITDA margins, and expanding retail presence indicate a positive trajectory. With the Superstore vertical scaling rapidly and the beauty business securing high-end global partnerships.
