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E-commerce
Key Takeaways
Online beauty and personal care giant Nykaa posted its third-quarter results on February 6, and though it didn’t spring any major surprises, there was still a lot to unpack.
The company’s revenue from operations grew 22% to Rs 1,788 crore, while its profits rose about 2X to Rs 17.5 crore in quarter three of the year ending March 2024 (FY24).
Nykaa broadly divides its business into three categories— beauty, fashion, and others, which includes its B2B business and men’s business, among others. The beauty business, of course, remains Nykaa’s biggest line of business by the proverbial mile, contributing about 85% of its overall revenues. Fashion is a distant second. The company posted an overall gross merchandise value (GMV) of Rs 3,619 crore across all of its businesses—a 29% jump compared to the same quarter last year.
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