Nykaa posts file quarterly revenue as premium magnificence demand strengthens

THE WHAT? Indian magnificence retailer Nykaa has reported its highest-ever quarterly revenue since itemizing in 2021, pushed by robust magnificence demand, premium product progress and bettering profitability throughout the enterprise.

THE DETAILS  Nykaa, formally referred to as FSN E-Commerce Ventures, reported fourth-quarter revenue of 783.8 million rupees (US$8.2 million), practically quadrupling year-on-year and marking its strongest revenue progress since its IPO. Income rose 28.4% to 26.48 billion rupees through the quarter, whereas EBITDA margin expanded to a file 8.4%, up from 6.5% a 12 months earlier. The corporate’s magnificence division remained its major progress driver, recording 27% gross sales progress supported by elevated visitors, buyer acquisition and repeat purchases. Nykaa additionally reported bettering efficiency in its style section, with EBITDA margins reaching breakeven after losses the earlier 12 months. The retailer’s “Home of Nykaa” portfolio of owned manufacturers grew 49% in gross sales worth throughout the fiscal 12 months, led by robust momentum from labels together with Dot & Key and Kay Magnificence. Full-year gross merchandise worth rose 28% to 199.63 billion rupees.

THE WHY? The outcomes replicate rising shopper demand for premium magnificence merchandise in India and spotlight how private-label growth and improved operational effectivity are serving to magnificence retailers strengthen margins and profitability

Supply: Reuters