FSN E-Commerce Ventures, the company behind Nykaa, wrapped up the financial year with a major boost in both quarterly and annual performance, thanks to rising demand in its core beauty business and a stronger focus on higher-margin, in-house and premium offerings.
For the quarter ending March 2025, the Mumbai-based company saw net profit jump 110% year-on-year to Rs 19 crore. Revenue from operations also climbed 24% to Rs 2,062 crore. Over the full fiscal year, net profit rose 81% to Rs 72 crore, while total revenue touched Rs 7,950 crore, also up 24% compared to the previous year.
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Nykaa’s profitability saw a healthy lift on the operating side as well. Quarterly EBITDA (earnings before interest, taxes, depreciation, and amortization) was up 43% to Rs 133 crore, improving margins from 5.6% to 6.5%. For the year, EBITDA rose 37% to Rs 474 crore, with annual EBITDA margins also ticking up to 6.0%.
The company’s gross merchandise value (GMV)—a key metric for online retailers—grew 27% in Q4 to Rs 4,102 crore, while full-year GMV reached Rs 15,600 crore, up 25% year-on-year.
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Nykaa’s performance signals a strong return to form, driven by sharp execution in its beauty vertical, growing consumer preference for premium and exclusive labels, and a tighter grip on operational efficiency.
