Nykaa shares surge more than 6% after over 4 crore shares change hands via block deal

Earlier, there were reports that Harindarpal Singh & Associates was likely to sell up to a 1.4% stake in Nykaa. The floor price was set at ₹198 per share. Harindarpal Singh held a 6.4% stake in the company at the end of the June quarter.

Nykaa Q1 Results

Nykaa, posted a two-fold jump in consolidated net profit at ₹13.64 crore for the June quarter FY25. The company had posted a net profit of ₹5.42 crore for the same period a year ago.

Revenue from operations increased by 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 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 by about 21% to ₹148.6 crore from ₹122.45 crore a year ago.

The company’s beauty segment comprises the online beauty platform Nykaa.com, physical stores, and beauty-owned brands like Nykaa Cosmetics, Kay Beauty, and Dot & Key, among others. In the quarter, it also included the eB2B distribution business ‘Superstore by Nykaa’ and the grooming business of NykaaMan.com in the segment.