Latest news with #NudgeWellness
Economic Times
4 days ago
- Business
- Economic Times
Nykaa reports 79% rise in Q1 net profit
ETtech Falguni Nayar, CEO, Nykaa FSN E-Commerce, the parent of online beauty and fashion retailer Nykaa, reported a 79% rise in fiscal first quarter consolidated net profit at Rs 24.47 crore, compared to Rs 13.64 crore a year from operations grew 23% to Rs 2,155 crore in the three months ended June from Rs 1,746 crore a year earlier. 'The growth is very deliberate. It's not coming easily because of the global conditions and Nykaa is doing a lot of optimisation strategies,' Falguni Nayar, executive chairperson, managing director and CEO at Nykaa, said on a post-earnings call. 'That said, we are not seeing any marketing cost per view or cost per impression going up.' For the June quarter, expenses increased 22% on-year to Rs 2,120.5 crore. Staff costs rose 17% to Rs 182 beauty vertical, the biggest revenue contributor, recorded a 26% rise in gross merchandise value (GMV) at Rs 3,208 crore in the June quarter.'Coupled with the uncertain macro environment, the competition in the beauty and personal care segment has also increased,' said Anchit Nayar, CEO of Nykaa Beauty. 'Quick commerce, horizontal players, and specialist beauty players are focusing a lot on this category. Despite this, Nykaa continued to deliver market-beating growth and the BPC category saw a mid-20% growth in this category.'Nykaa's fashion vertical saw a 25% on-year GMV growth in Q1FY26, accelerating from a 15% increase a year platform ended the quarter with over 45 million customers, 250 offline stores in 82 cities and 9,000 brands, of which 400 brands were added in Q1. Quick commerce expansion As quick commerce competition intensifies, Nykaa has scaled its rapid delivery segment Nykaa Now to seven cities including Mumbai, Delhi and Bengaluru. 'Nykaa Now is part of our broader strategy of improving speed and convenience while not compromising on the quality of our products and the experience we provide our customers,' said Anchit Nayar. 'Today we are present in seven cities and have over 50 rapid stores with a large assortment of beauty products which are available in about 30 minutes to two hours.'By the end of June quarter, Nykaa Now has delivered over 1.3 million orders. Overall, Nykaa noted an annualised gross merchandise value of $2 billion across all platforms in Q1. Business acquisition Nykaa is set to acquire the remaining 40% stake in nutrition brand Nudge Wellness. In 2022, Nykaa had acquired a 60% stake in Nudge Wellness for Rs 3.6 crore. It will buy the remaining 40% stake for Rs 15 lakh, getting full ownership of the company. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. As 50% US tariff looms, 6 key steps that can safeguard Indian economy As big fat Indian wedding slims to budget, Manyavar loses lustre Why are mid-cap stocks fizzling out? It's not just about Trump tariffs. The airport lounge war has begun — and DreamFolks is losing Stock Radar: UNO Minda eyeing fresh 52-week high in next few weeks; check target and stop loss for long positions Buy, Sell or Hold: Antique recommends buy on Siemens; Avendus upgrades SBI to Buy post June quarter results Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 25% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Economic Times
4 days ago
- Business
- Economic Times
Nykaa to acquire balance 40% stake in Nudge Wellness for Rs 15 lakh
Beauty and fashion brand Nykaa is set to acquire the remaining 40% stake in nutrition brand Nudge Wellness, the platform announced during its April to June quarter results. In 2022, Nykaa had acquired a 60% stake in Nudge Wellness for Rs 3.6 crore. The platform will acquire the remaining 40% stake in the company for Rs 15 lakh. The move, cleared at a board meeting on August 12, 2025, will give Nykaa full ownership of Nudge Wellness. 'The Board of Directors at their meeting held on August 12, 2025, has approved acquisition of the remaining 40% stake in Nudge Wellness Private Limited ("Nudge"), a subsidiary, for a consideration of Rs 0.15 crore,' the platform said in a filing. FSN E-Commerce, parent company of Nykaa, reported a consolidated net profit of Rs 24 crore in Q1, which was up 79% compared to Rs 14 crore reported in the year ago period. The platform's revenue from operations in the quarter under review grew 23% to Rs 2,155 crore versus Rs 1,746 crore reported last year.
Time of India
4 days ago
- Business
- Time of India
Nykaa to acquire balance 40% stake in Nudge Wellness for Rs 15 lakh
Academy Empower your mind, elevate your skills Beauty and fashion brand Nykaa is set to acquire the remaining 40% stake in nutrition brand Nudge Wellness , the platform announced during its April to June quarter 2022, Nykaa had acquired a 60% stake in Nudge Wellness for Rs 3.6 crore. The platform will acquire the remaining 40% stake in the company for Rs 15 move, cleared at a board meeting on August 12, 2025, will give Nykaa full ownership of Nudge Wellness.'The Board of Directors at their meeting held on August 12, 2025, has approved acquisition of the remaining 40% stake in Nudge Wellness Private Limited ("Nudge"), a subsidiary, for a consideration of Rs 0.15 crore,' the platform said in a E-Commerce, parent company of Nykaa, reported a consolidated net profit of Rs 24 crore in Q1, which was up 79% compared to Rs 14 crore reported in the year ago platform's revenue from operations in the quarter under review grew 23% to Rs 2,155 crore versus Rs 1,746 crore reported last year.
