, which operates beauty and retail brand , reported a 28% year-on-year increase in operating for the March to Rs 1,667 crore. Net surged more than fourfold to Rs 9 crore, it said. The operating revenue was led by a 24% increase in the core , beauty and personal care (BPC), to Rs 1,388 crore during the quarter.
For the full financial year, saw a 20% year-on-year increase to Rs 5,385 crore. In 2023-24, the Mumbai-based firm's operating revenue increased 24% to Rs 6,385 crore, while net profit jumped 89% to Rs 39 crore. The company’s gross merchandise value ( ) or gross sales increased 32% year-on-year to Rs 3,217 crore during the January-March period.
For the entire year, the BPC segment grew 25% in GMV terms to Rs 8,340 crore, while the fashion segment grew 27% to Rs 3,269 crore. The ‘others’ segment – which includes the business-to-business (B2B) arm called and media arm – saw a 59% growth to Rs 835 crore. The fashion business saw revenue growth of 22% to Rs 530 crore, while the ‘others’ category roughly doubled to Rs 469 crore in revenue during 2023-24.
“We have been embarking on a journey to add new businesses to expand the TAM (total addressable market) that we were addressing,” managing director Falguni Nayar said during an earnings call. During the quarter to March, the firm approved the sale of the western wear and accessories business of to the parent firm FSN E-Commerce Ventures for Rs 133 crore. Meanwhile, Nykaa’s media subsidiary, , which runs th.
