FSN E-Commerce Ventures, the parent company of Nykaa, reported a 61% jump in net profit for Q3 FY2025, reaching ₹26 crore, compared to the same quarter last year. Revenue from operations also saw a healthy 26.7% year-on-year (YoY) growth, climbing to ₹2,267.21 crore from ₹1,788.80 crore.
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Since the Q3 results were announced after market hours on Monday, all eyes are now on Nykaa’s stock performance when trading resumes tomorrow. The stock had closed over 2% lower ahead of the earnings release.
Nykaaland 2024: Record Footfall & Global Beauty Brands Take Center Stage
The second edition of Nykaaland, India’s largest beauty and lifestyle festival, turned out to be a massive success, drawing over 25,000 attendees—a 1.7x jump from the previous year. The event featured exclusive masterclasses by global beauty icons Sofia Tilbury and Patrick Ta, while over 80 top beauty brands, including Charlotte Tilbury, Maybelline, and CeraVe, showcased their latest products.
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Major brand launches from Clinique, Sol de Janeiro, and GHD reinforced Nykaaland’s reputation as a premier industry event. On the fashion front, the festival also saw the Indian debut of Foot Locker, along with new footwear collections from PUMA and apparel from brands like Revolve, Nykd by Nykaa, and Cover Story.
Nykaa Fashion Shows Resilience Amid Market Slowdown
Despite a challenging demand environment, Nykaa Fashion posted 21% YoY revenue growth, while its Gross Merchandise Value (GMV) rose 8% YoY. The segment also improved profitability, with gross margins jumping from 43.9% to 51.3%, thanks to higher content-driven income from LBB and better monetization of services.
Cost-cutting measures in fulfillment expenses further strengthened the bottom line, leading to an improvement in EBITDA margins, which now stand at -5.4%, up from -7.3% a year ago. The company attributed this positive shift to increased efficiencies and high-impact marketing campaigns such as Nykaaland and Nykaa Wali Shaadi, both of which significantly boosted engagement and revenue.
As Nykaa continues to expand its influence across beauty, fashion, and content-driven commerce, investors and industry watchers will be keen to see how it builds on this momentum in the coming quarters.
