Nykaa’s quarter 3 net profit up 2.5x to Rs 68 crore

MUMBAI: Nykaa’s net profits more than doubled to Rs 67.7 crore on a consolidated basis in the Dec quarter from Rs 26.4 crore in the year-ago quarter. Revenue from operations increased to Rs 2,873.2 crore from Rs 2,276.2 crore in the year ago period on the back of robust consumer demand for beauty products and growth in fashion.

In a filing to the exchanges on Thursday, the company said that it posted its higher ever consolidated GMV (gross merchandise value) to date in Q3 at Rs 5,975 crore, a 28% year-on-year growth. GMV is the total value of goods sold through an e-commerce platform. It is calculated before the deduction of fees and expenses.