Nykaa to declare Q2 results today; will it beat Q1 FY25 performance? Take a look

As per news reports, Nykaa will report robust numbers for the quarter under review, thanks to growth in the Beauty and Personal Care (BPC) business.

Analysts, the news reports add, estimate the revenue of Nykaa to grow by 27.06% year-on-year (YoY) at an average of ₹1,914.86 crore as compared to ₹1,507 crore a year ago. 

On a sequential basis, revenue is expected to grow 9.66%.

Nykaa's net profit is estimated at an average of ₹26.4 crore, up 355.17% as compared to ₹5.8 crore logged a year ago. Quarterly, the figure is expected to grow at an average of 175%.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) are expected to see a growth of 26.8% YoY. 

In its Q2 business update, Nykaa announced that the company witnessed strong performance in the July-September quarter with consolidated net revenue growth of mid-twenties in Q2 FY2025. 

Nykaa said its beauty vertical has delivered a robust net revenue as well as Net Sales Value (NSV) growth of mid-twenties, with GMV growth even higher. 

In a recent interview with PTI, Nykaa founder and CEO Falguni Nayar said that the quick commerce model is solving "very different" use cases and is suited to broader product categories like groceries and items of daily use, emphasising it is not a format that the beauty and fashion platform wants to jump into.

Nykaa is continuously focused on improving delivery timelines, being closer to customers, and building out an extensive network, Nayar said.

Indian consumers are on a "premiumisation" journey in every category, seeking better quality and more out of the offerings, she said, outlining the megatrends shaping the beauty and fashion space.

Nykaa Q1 FY25 Results

FSN E-Commerce Ventures, which owns beauty and fashion platform Nykaa, posted over a two-fold jump in consolidated net profit at ₹13.64 crore for the June quarter FY25.

The company posted a net profit of ₹5.42 crore for the same period a year ago.

Revenue from operations increased about 23% to ₹1,746.11 crore from ₹1,421.82 crore.

The growth was led by the beauty segment of Nykaa, which reported a about 23% increase in revenue to ₹1,593.51 crore in the June 2024 quarter from ₹1,298.36 crore a year ago.

The fashion segment revenue grew about 21% to ₹148.6 crore from ₹122.45 crore a year ago.

Nykaa share price performance

Shares of Nykaa have rallied nearly 7% on a year-to-date (YTD) basis. Over the past 12 months, the stock has gained 21%.