eCommerce
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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