FSN E-Commerce Ventures which operates Nykaa brand, reported a 243% YoY jump in its consolidated Q2 net profit at Rs 34 crore versus Rs 10 crore in the year ago period. The profit after tax (PAT) is attributable to the equity shareholders of parent.
The revenue form operations in the quarter stood at Rs 2,346 crore, up 25% over Rs 1,875 crore in the corresponding quarter of the last financial year.
The net profit grew 48% on a sequential basis compared to Rs 23 crore in Q1FY26 while the topline increased 9% on a quarter-on-quarter basis to Rs 2,155 crore.
Nykaa’s gross profits stood at Rs 1,054 crore which were 50% of its net revenues while rising by 28% on a YoY basis. The company claimed that the gross margin n the quarter was the highest in the last 12 quarters.
More to come…