The company’s total GMV stood at Rs 1,622.9 crore for the quarter against Rs 997.1 crore in the same period last year. GMV in ecommerce means the value of total goods sold on a platform, including discounts but excluding returns.
Nykaa’s consolidated revenue from operations grew 47% yoy to Rs 885.30 crore. Sequentially, the revenue growth rate was 8%, it said in stock exchange filings.
For the half year, revenue rose 91% to Rs 1,702.3 crore.
Earnings before interest, tax, depreciation and amortisation (Ebitda) dropped 48% to Rs 28.8 crore for the second quarter, from Rs 55 crore in the same period last year.
Nykaa’s founder and CEO Falguni Nayar told ET in an interview to ET last week that the company would continue to focus on growth across beauty and fashion businesses.
“It’s a multi-year journey and we believe that over the next five years we will continue to grow both our beauty and fashion businesses multi-fold. Similarly,
the house of brands will also continue to grow, as we become more like a consumer company which has a number of brands within its fold. We are also setting up our e-B2B (business-to-business) vertical — the Super Store where we will sell beauty to retailers,” Nayar had said.
Net profit for the Mumbai-based company fell to Rs 1.2 crore against Rs 27 crore in the corresponding period.
The fashion business grew 295% year on year to Rs 11.5 crore, against Rs 2.9 crore. While the revenues from the beauty business came in at Rs 22 crore against Rs 17.1 crore in the year-ago period, clocking a 29% growth.
On a quarter-on-quarter basis, growth stood at 3% for its beauty business and 16% for fashion, the filings showed.
Nykaa, hit the Indian stock exchanges on November 10 in what was a bumper debut for the Mumbai-based firm.
Nykaa‘s market cap went past Rs 1 lakh crore after the stock started trading at nearly 80% premium to its issue price of Rs 1,125.
