Nykaa Q4 Results: Net Profit Triples YoY to ₹20 Crore, GMV Grows 27%

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, Nykaa continues to solidify its leadership in the beauty and e-commerce sector.