Nykaa profit jumps 207 per cent to Rs 101 crore in Q2FY27
FSN E-Commerce Ventures reported a 28 per cent rise in revenue and announced plans to acquire an 82 per cent stake in Simply Nam Beauty.
FSN E-Commerce Ventures, the operator of Nykaa, reported a 207 per cent year-on-year increase in profit after tax to Rs 101 crore for the September quarter of FY27. According to reports from The Economic Times and Financial Express, the company's revenue from operations rose 28 per cent to Rs 3,006 crore, up from Rs 2,346 crore in the same period last year.
The company's board has approved the acquisition of an 82 per cent stake in Simply Nam Beauty Private for a sum of up to Rs 33 crore. This move follows a quarter where earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 65 per cent to Rs 263 crore.
Nykaa's beauty vertical recorded a gross merchandise value of Rs 4,454 crore during the quarter. This figure encompasses the company's e-commerce business, retail outlets, eB2B distribution, and the House of Nykaa portfolio.
The company's retail presence grew to 338 stores across 111 cities. This expansion included 14 new stores opened during the September quarter across six different cities.
Executive Chairperson, Founder and CEO Falguni Nayar said the quarterly performance shows the strength of the Nykaa ecosystem, noting that each business contributed to growth and productivity gains.
The quick delivery service, NYKAA NOW, has reached 15 cities. The company aims to expand this service to more than 25 cities by the end of FY27.