Latest news with #AnchitNayar
Time of India
4 days ago
- Business
- Time of India
Nykaa revenue up 24% to Rs 7,900 crore in FY25
Bengaluru: FSN E-Commerce Ventures, which operates Nykaa, reported a 110% year-on-year increase in net profit to Rs 19 crore for the March quarter, with margin gains in its core beauty segment and improved performance from its eB2B and retail operations. Its revenue rose 24% year-on-year to Rs 2,062 crore in the March quarter. Its Ebitda margin improved to 6.5% from 5.6% a year earlier. For the 2024-25 financial year, its revenue rose 24% to Rs 7,950 crore, while gross merchandise value (GMV) rose 25% to Rs 15,604 crore. Its net profit grew 81% to Rs 72 crore during the same period. The company attributed the growth to contributions from owned brands, retail expansion, and operating leverage in the beauty business. Nykaa beauty vertical reported a GMV of Rs 11,775 crore in the 2024-25 financial year, growing 30% year-on-year. "In Q4, we delivered a 9.6% Ebitda margin in beauty, the highest in the last eight quarters," said Anchit Nayar, executive director and CEO, Nykaa Beauty. "This is the result of improved gross margins and cost efficiency, not just scale." The company's owned brand portfolio under the House of Nykaa crossed Rs 1,700 crore in GMV. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Accounting Automation Software Might Help You To Earn More Accounting Automation Software | Search ads Undo Dot & Key led the segment with GMV of over Rs 900 crore in FY25. Nayar noted the brand's post-acquisition growth was driven by new formats and strong customer retention. "Dot & Key is now among the top skincare brands across marketplaces, not just on our platform," he said. Nykaa Cosmetics and Kay Beauty recorded GMVs of Rs 350 crore and Rs 240 crore respectively. The offline retail channel also showed momentum, with 50 stores added during FY25, the company's largest annual expansion, taking the total count to 237 stores across 79 cities. Retail GMV grew 31% year-on-year, while same-store sales increased 15%. "Offline beauty retail is delivering both growth and profitability," Anchit said. "We now have a strong foundation across metros and tier 1 cities to deepen store productivity. "The company's eB2B arm, Superstore by Nykaa, posted GMV of Rs 941 crore, growing 57% over unit was recently demerged into Nykaa E-Retail following NCLT approval. Commenting on the performance, its group chairperson and MD Falguni Nayar said, "FY25 reflects our ability to grow consistently while improving profitability. From here, the focus will be on margin expansion across verticals through leverage and operating discipline."
Time of India
4 days ago
- Business
- Time of India
Nykaa gets a margin facelift as Q4 profit doubles
BENGALURU: FSN E-Commerce Ventures, which operates Nykaa, reported a 110% year-on-year increase in consolidated net profit to Rs 19 crore for the March quarter, with margin gains in its core beauty segment and improved performance from its eB2B and retail operations. Revenue rose 24% year-on-year to Rs 2,062 crore in the quarter ended March 2025, while Ebitda increased 43% to Rs 133 crore. Ebitda margin improved to 6.5% from 5.6% a year earlier. For FY25, consolidated revenue stood at Rs 7,950 crore, up 24%, while gross merchandise value (GMV) rose 25% to Rs 15,604 crore. Annual net profit grew 81% to Rs 72 crore. The company attributed the growth to contribution from owned brands, retail expansion, and operating leverage in the beauty business. Nykaa's beauty vertical reported GMV of Rs 11,775 crore in FY25, growing 30% year-on-year. 'In Q4, we delivered a 9.6% Ebitda margin in beauty, the highest in the last eight quarters,' said Anchit Nayar, executive director and CEO, Nykaa Beauty. 'This is the result of improved gross margins and cost efficiency, not just scale.' The company's owned brand portfolio under the House of Nykaa crossed Rs 1,700 crore in GMV. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Doutora: 'Um hábito simples antes de dormir me fez perder 1kg a cada 7 dias!' Revista Saúde Saiba Mais Undo Dot & Key led the segment with GMV of over Rs 900 crore in FY25. Anchit noted the brand's post-acquisition growth was driven by new formats and strong customer retention. 'Dot & Key is now among the top skincare brands across marketplaces, not just on our platform,' he said. Nykaa Cosmetics and Kay Beauty recorded GMVs of Rs 350 crore and Rs 240 crore respectively. The offline retail channel also showed momentum, with 50 stores added during FY25, the company's largest annual expansion, taking the total count to 237 stores across 79 cities. Retail GMV grew 31% year-on-year, while same-store sales increased 15%. 'Offline beauty retail is delivering both growth and profitability,' Anchit said. 'We now have a strong foundation across metros and tier 1 cities to deepen store productivity. ' The company's eB2B arm, Superstore by Nykaa, posted GMV of Rs 941 crore, growing 57% over FY24. Contribution margin improved by 484 basis points to -12.6%. The unit was recently demerged into Nykaa E-Retail following NCLT approval. Commenting on the overall performance, group chairperson and MD Falguni Nayar said, 'FY25 reflects our ability to grow consistently while improving profitability. From here, the focus will be on margin expansion across verticals through leverage and operating discipline.' Nykaa Fashion, which has struggled with lower operating leverage compared to the beauty segment, saw a gradual recovery in Q4 with GMV growth of 18% year-on-year. However, full-year GMV grew at a more modest 12%, even as revenue rose 19% aided by marketing income and platform fees. Segment Ebitda margin improved to -8.3% in FY25, from -10.3% a year ago. 'The margin profile is improving because we've made deliberate choices in terms of assortment and fulfillment strategy,' Abhijeet Dabas, executive vice president and business head of fashion e-commerce told analysts. 'We focused on better curation, higher-quality traffic, and expanding our private-label play, and those changes are beginning to reflect in contribution margins.' Dabas added that fashion as a vertical is being rebuilt around core brand clusters and structural efficiencies. 'This is not a GMV-first strategy. We are prioritising retention and frequency from high-intent users, and scaling categories where we see a clear path to contribution profit,' he said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
4 days ago
- Business
- Mint
Nykaa to expand rapid delivery service to more metros as quick commerce takes off
Bengaluru: FSN E-Commerce Ltd, the parent company of beauty e-tailer Nykaa, will expand its rapid delivery service to more metro cities, anticipating promising growth in the segment as consumer adoption widens. There has been relatively good traction, and a good percentage of the company's orders are serviced through Nykaa Now, the framework that ensures delivery within 60 minutes, said Anchit Nayar, executive director and chief executive officer of Nykaa's beauty business. 'There is a plan to expand it to several other metros in the coming months,' Nayar said during the Q4 earnings call on Friday. The Mumbai-based company began pilot projects of Nykaa Now in select parts of Mumbai in October. Through its network of 'rapid warehouses', the service delivers beauty and personal care products in 60 minutes to three hours. According to Nayar, the company's key differentiator lies in what he called the largest assortment of beauty products available in the rapid delivery network. 'We've made a lot of our assortment available for Nykaa Now and that's really been a big differentiator to the consumer to have that power of choice, which is still not as well developed on some of the other rapid delivery platforms that are out there,' the executive said. The company does not rely on its network of physical stores to fuel rapid deliveries, although it sees an opportunity in using them to fulfil hyperlocal delivery. 'We do have the capability of using our physical stores to service e-commerce orders in the relevant pin code. But our stores are experiential stores, and it doesn't make much fiscal sense to use them as warehouses,' Nayar added. In November, Nykaa had highlighted that its investments in setting up rapid warehouses are expected to stay lean, noting that the high average order values in beauty e-commerce allow the company to expand its logistics efficiently and profitably. The gross merchandise value (GMV) of Nykaa's beauty business jumped 30% to ₹ 11,775 crore in FY25. GMV in the January-March quarter climbed to ₹ 3,058 crore from ₹ 2,339 crore in the year-ago period. Revenue from Nykaa's fashion arm grew 19% to ₹ 675 crore in FY25 while its GMV was ₹ 3,804 crore from 3,385 crore in the previous year, hurt by the muted performance of its own brands and lower marketplace and service income. Nykaa's revenue from operations increased 24% to ₹ 2,062 crore in the fourth quarter, while profit after tax rose to ₹ 19 crore from ₹ 9 crore a year earlier. FSN E-Commerce shares fell 1.81% to ₹ 200.80 at the close on the National Stock Exchange before the results were announced.
Fashion Network
09-05-2025
- Business
- Fashion Network
Chanel partners with Nykaa to expand presence in India
Chanel, a global beauty and fragrance brand, has partnered with Nykaa to strengthen its presence in the Indian market. With this partnership, Chanel's fragrance and beauty products will be available at select Nykaa Luxe stores, Nykaa's app and website. By the end of 2025, Chanel plans to further expand its retail presence to over ten Nykaa Luxe stores across the country. Commenting on the partnership, Amit Goyal, managing director India at Chanel in a statement said, 'Building upon the foundation laid by our network of fragrance and beauty boutiques and Chanel India's e-commerce platform, this partnership with Nykaa represents a powerful synergy of our shared values. This collaboration inspires us to envision an even more expansive and impactful future for our fragrance and beauty offerings in India.' Anchit Nayar, executive director and CEO at Nykaa Beauty added, 'At Nykaa, we take immense pride in partnering with the Maison to launch Chanel Fragrance & Beauty in India for the first time in Nykaa's luxury beauty stores as well as online. Chanel's early recognition of India's potential will go a long way in creating and growing the luxury segment for decades to come.' Chanel currently has seven boutiques across the country along with three airport stores and a dedicated e-commerce portal that serves over 27,000 postcodes in India.
Fashion Network
09-05-2025
- Business
- Fashion Network
Chanel partners with Nykaa to expand presence in India
Chanel, a global beauty and fragrance brand, has partnered with Nykaa to strengthen its presence in the Indian market. With this partnership, Chanel's fragrance and beauty products will be available at select Nykaa Luxe stores, Nykaa's app and website. By the end of 2025, Chanel plans to further expand its retail presence to over ten Nykaa Luxe stores across the country. Commenting on the partnership, Amit Goyal, managing director India at Chanel in a statement said, 'Building upon the foundation laid by our network of fragrance and beauty boutiques and Chanel India's e-commerce platform, this partnership with Nykaa represents a powerful synergy of our shared values. This collaboration inspires us to envision an even more expansive and impactful future for our fragrance and beauty offerings in India.' Anchit Nayar, executive director and CEO at Nykaa Beauty added, 'At Nykaa, we take immense pride in partnering with the Maison to launch Chanel Fragrance & Beauty in India for the first time in Nykaa's luxury beauty stores as well as online. Chanel's early recognition of India's potential will go a long way in creating and growing the luxury segment for decades to come.' Chanel currently has seven boutiques across the country along with three airport stores and a dedicated e-commerce portal that serves over 27,000 postcodes in India.
