Nykaa Delivers Record Q3 on Beauty Strength as Shares Hit 52-Week High

Margin expansion followed a surge in core beauty, with the fashion unit still in the red.

Overview

Revenue from operations rose 27% year on year to Rs 2,873.26 crore, while consolidated net profit climbed to Rs 67.7 crore from about Rs 26 crore a year earlier.
Consolidated GMV reached a record Rs 5,795 crore, led by beauty GMV of Rs 4,302 crore and robust traction in House of Nykaa owned brands.
EBITDA grew to Rs 230 crore with an 8% margin, marking a sharp improvement on operational leverage in the December quarter.
The quarter included a Rs 16.36 crore exceptional expense linked to India’s new labour codes, with adjusted net profit indicated at about Rs 78 crore.
The stock rallied 6.2% to Rs 274.45 for a 52‑week high after the results, as brokerages turned more positive with Nomura upgrading to buy and JM Financial reaffirming buy.