FSN E-Commerce Ventures Limited, the parent company behind the well-known fashion brand Nykaa, announced a 27.86% sequential decline in its net profit, which fell to Rs 19.05 crore from Rs 26.41 crore in Q3 FY24, according to its stock exchange filing on Friday.
The firm also witnessed its overall income decline by 8.89% in Q4, at Rs 2,070 crore from Rs 2,272.74 crore in the last quarter. Nykaa's revenue from operations itself dipped by 9.08% to Rs 2,061.76 crore in January-March quarter from Rs 2,267.21 crore in Q3.
On the cost side, total expenses fell by 8.8% in Q4.
During the entire FY25, Nykaa registered a 25% year-on-year growth in consolidated gross merchandise value (GMV) at Rs 15,604 crore.
During FY25, the GMV of beauty vertical was at Rs 11,775 crore, a good annual growth of 30%.
Nykaa underscored its expanding offline footprint, which now comprises 237 physical stores across 79 cities. The company increased its retail presence by adding 50 stores in FY25, its biggest offline expansion to date.
This profitability-geared network of stores saw a 31% year-on-year growth in GMV and a 15% growth in same-store sales growth (SSSG), cementing Nykae's leadership in the beauty omnichannel retail industry.
"During FY2025, the overall beauty vertical business witnessed cumulative customer base increasing to over 34 million (28% YoY). EBITDA margin as a percentage of NSV by beauty vertical businesses went up to 9.6% in Q4 FY25, an eight-quarter high, indicating robust operating performance," the company said.
Further, the Board of FSN E-Commerce Ventures has also sanctioned the appointment of S.N. Ananthasubramanian & Co as Secretarial Auditors for five continuous years from FY 2025-26 to FY 2029-30 subject to shareholder approval at the forthcoming 13th Annual General Meeting.
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