Four Levers That Lifted Nykaa’s Beauty Biz In Q1

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SUMMARY

Nykaa’s operating revenue increased by 23% to INR 2,155 Cr on a YoY basis. Even on a sequential basis, the company’s topline increased by 5%

Revenue from the beauty vertical surged over 25% YoY to INR 1,957 Cr while its profit grew 32% to INR 96Cr

Nykaa’s management reiterated that the house of brands model enjoys structurally higher margins than retailing third-party products

“Nykaa’s strong growth momentum continues with this quarter with GMV coming 26% YoY growth and GMV at INR 4,182 Cr.” That was the…



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Four Levers That Lifted Nykaa’s Beauty Biz In Q1


SUMMARY

Nykaa’s operating revenue increased by 23% to INR 2,155 Cr on a YoY basis. Even on a sequential basis, the company’s topline increased by 5%

Revenue from the beauty vertical surged over 25% YoY to INR 1,957 Cr while its profit grew 32% to INR 96Cr

Nykaa’s management reiterated that the house of brands model enjoys structurally higher margins than retailing third-party products

“Nykaa’s strong growth momentum continues with this quarter with GMV coming 26% YoY growth and GMV at INR 4,182 Cr.” That was the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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