Nykaa’s net profit drops almost 5 pc to Rs 12.97 crore in July-Sep [Video]

Despite the onset of festive season, online beauty and fashion ecommerce major Nykaa saw its consolidated net profit declining almost 5 per cent to Rs 12.97 crore in the July-September period (quarter-on-quarter), according to its financials on Tuesday.

The Q2 FY25 net profit declined from Rs 13.64 crore reported in the preceding June quarter, according to the company’s financials with the stock exchange.

According to FSN E-Commerce Ventures Limited, the parent company of Falguni Nayar-led Nykaa, revenue from operations increased 24 per cent (on-quarter) to Rs 1,874.74 crore in Q2 FY25, from Rs 1,746.11 crore in Q1 this fiscal.

Total expenses surged 23.7 per cent year-on-year (YoY) and 7.3 per cent QoQ to Rs 1,858.93 crore.

During the quarter, consolidated gross merchandise value (GMV) grew 24 per cent YoY to Rs 3,652 crore.

According to the company, the beauty vertical recorded a 29 per cent GMV growth, reaching Rs 2,7,83 …