Nykaa, owned by FSN E-Commerce Ventures, reports a big jump in profits and better overall performance for the Q4FY25 (fourth quarter and full year ending March 2025). The company sees its Q4 net profit more than double to Rs 19 crore, up 110% from the previous year. Revenue from operations rises 24% to Rs 2,062 crore. For the full year, profit climbs 81% to Rs 72 crore while yearly revenue reaches Rs 7,950 crore.
EBITDA Margins Improve
Nykaa’s earnings before interest, taxes, depreciation, and amortization (EBITDA) increase by 43% in Q4 to Rs 133 crore. This lifts the EBITDA margin to 6.5% from 5.6% a year ago. For FY25, EBITDA stands at Rs 474 crore, up 37%, with margins at 6.0%.
Nykaa’s beauty business remains its biggest segment. In FY25, the beauty GMV reaches Rs 11,775 crore, up 30%. The company credits this to more customer orders and better product demand. Nykaa opens 50 new physical stores in FY25—the highest in one year—taking the total to 237 stores in 79 cities. These stores show 31% GMV growth and 15% growth in same-store sales.
Nykaa’s own brands like Dot & Key, Nykaa Cosmetics, and Kay Beauty generate Rs 1,700 crore in GMV. Dot & Key leads with Rs 900 crore, showing 12x growth since its acquisition. Nykaa Cosmetics sees Rs 350 crore in GMV, and Kay Beauty reaches Rs 240 crore. Kay Beauty also expands to the Gulf region via Nysaa and now ranks among the top five beauty brands there.
Nykaa Superstore Expands Reach
The eB2B business, Superstore by Nykaa, reports Rs 941 crore in GMV, a 57% increase. It now works with over 276,000 retailers in 1,100 towns. Losses reduce as the contribution margin improves from -17.4% to -12.6%, thanks to better use of owned and featured brands.
Nykaa Fashion shows signs of recovery with an 18% GMV growth in Q4. For the year, GMV rises 12%, and revenue grows 19%. EBITDA losses narrow from -10.3% to -8.3%, driven by higher margins and lower costs. The company adds over 800 new brands, including Victoria’s Secret and Rare Rabbit.
Nykaa completes two internal changes to improve its structure. On May 9, 2025, the National Company Law Tribunal approves the demerger of eB2B operations to Nykaa E-Retail. On May 27, Iluminar Media (LBB) merges with Nykaa Fashion, boosting content marketing. Nykaa also launches a new partnership with Chanel Beauty, available online and in select Luxe stores.
