3 days ago
Nykaa makes biggest physical expansion in retail space in FY25, adds 50 new stores
Nykaa's parent company, FSN E-Commerce, announced its Q4FY25 earnings, revealing a significant expansion of its retail presence with 50 new stores. The company reported a substantial 193% surge in net profit, reaching Rs 20 crore. Revenue from operations also saw a healthy 24% increase, climbing to Rs 2,062 crore, demonstrating strong financial performance.
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Falguni Nayar-led Nykaa on Friday said that the company clocked its highest ever physical expansion in FY25, with addition of 50 stores."Nykaa's offline network continues to get bigger every year and now spans 237 physical stores across 79 cities. Nykaa has significantly expanded its retail footprint - adding 50 stores in FY25– marking its highest ever physical expansion to date. Nykaa's profitable store network delivered 31% YoY GMV growth and 15% same-store sales growth (SSSG)," said the firm in its press statement. FSN E-Commerce , which operates Nykaa brand announced its Q4FY25 earnings on Friday where the company reported a net profit growth of 193 per cent to Rs 20 crore versus Rs 7 crore in the year ago period. The profit is attributable to the equity shareholders of the revenue from operations was reported at Rs 2,062 crore which was a 24 per cent uptick over Rs 1,668 crore reported in the corresponding period of the previous financial profit after tax was down by just over 2 per cent on a sequential basis versus Rs 26 crore reported in Q3FY25 while the revenue from operations declined 9 per cent over Rs 2,267 crore reported in the October-December quarter of the full financial year, the net profit stood at Rs 66 crore, up by 105 per cent versus Rs 32 crore posted by the company in FY25. The topline was up at Rs 7,950 crore in FY25 from Rs 6,386 crore in FY24, recording a growth of 24 per cent .The company incurred expenses of Rs 2,031 crore in Q4FY25, which was down on a sequential basis from Rs 2,228 crore in Q3FY25 and Rs 1,655 crore in Q4FY24. The expenses were made under the heads like cost of material consumed, purchase of traded goods, employee benefits expense and finance earnings were announced after market hours and Nykaa shares today ended at Rs 200.80 on the NSE, down by Rs 3.71 or 1.81 per cent over the Thursday closing price. The overall sentiments remained subdued today as the headline index Nifty today closed at 24,750.70, down 0.33 per cent .
