Pranav Balakrishnan
Pranav Balakrishnan
Nykaa’s results for the third quarter saw the company clock its highest ever profit despite the margins of its beauty business taking a hit due to aggressive discounting.
February 07, 2024
9 MINS READKey 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.
Don't have an account?
Sign Up
Forgot Password?
By signing up for The CapTable you agree to the
We report on the latest and most important developments in India’s biggest tech companies and disruptive startups so you can make better decisions.
Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.
Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.
We thrive on inside scoops and decoding boardroom conversations so we can bring you a 360° view of what’s happening at India’s high-growth companies.
Investments
the-crux
By Nikhil Patwardhan
Mobility
Premium Reads
By Pranav Balakrishnan
Media Entertainment
Premium Reads
By Sohini Mitter
11 Min Read
By Pranav Balakrishnan
9 Min Read
By Sohini Mitter
8 Min Read
By Dr Srinath Sridharan
10 Min Read
By Raghav Mahobe
11 Min Read
By Nikhil Patwardhan
4 Min Read
By Sohini Mitter