Nykaa Q3 Results: Net profit surges 61% YoY to ₹26 crore; revenue rises 27% YoY

The figure grew 61.4% on-year as the company had posted a profit of ₹16.18 crore in the year-ago period.

Revenue from operations for the quarter under review came in at ₹2,267.21 crore, up 26.7% from ₹1,788.80 crore registered in the December 2023 quarter.

The results were announced minutes after markets closed.

Shares of FSN E-Commerce Ventures ended at ₹169.60 apiece on the BSE, down 2.25%.

EBITDA, or earnings before interest, taxes, depreciation, and amortisation, came in at ₹140 crore, up 41.3% YoY, while margins increased by 63 basis points (bps) to 6.2%.

Basic and diluted earnings per share (EPS) stood at ₹0.09 against ₹0.06 in the corresponding quarter of the previous fiscal.

In December 2024, Nykaa Fashion's chief executive officer Nihir Parikh resigned and was relieved with immediate effect.

Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd.

"Nihir Parikh has resigned effective December 05, 2024, on account of personal commitments. He has been relieved from the services w.e.f. (with effect from) close of business hours of December 5, 2024," FSN E-commerce Ventures said in the filing.

The fashion vertical accounts for less than 10% of the company's revenue.

The beauty segment of the company accounts for the majority of the revenue.