Beauty Biz Shines Bright as Fashion Holds Steady
Nykaa, the homegrown beauty and fashion e-commerce powerhouse, wrapped up the financial year on a glowing note, posting a sharp 90% jump in profits for the quarter ending March 2025 (Q4 FY25). The company’s revenue from operations also saw a healthy 24% year-on-year rise, reaching Rs 2,061 crore—up from Rs 1,667 crore in the same quarter last year.
The strong quarterly performance capped off a solid year for the Falguni Nayar-led firm, with FY25 revenue touching Rs 7,950 crore, up from Rs 6,386 crore in FY24—a clear indicator that India’s appetite for beauty and lifestyle products continues to deepen.
As expected, Nykaa’s core beauty business remains its crown jewel, contributing a whopping 92% of the quarterly revenue (Rs 1,894 crore), while the fashion segment brought in the remaining 8%. With consistent consumer demand and a sharp digital-first strategy, the platform has stayed resilient amid intense competition.
On the expenditure side, Nykaa spent Rs 1,153 crore on materials in Q4—making up 57% of its total costs. Investments across teams, marketing, tech infrastructure, and operations brought the total quarterly spend to Rs 2,031 crore. For the full year, total expenses climbed to Rs 7,850 crore.
Despite the rising costs, Nykaa’s scale is working in its favor. The company clocked a Q4 profit of Rs 19 crore—nearly doubling the Rs 10 crore posted in Q4 FY24. For the full year, profit stood at Rs 74 crore, up from Rs 44 crore the previous year.
Investors appear optimistic too. At the close of trading today, Nykaa’s stock was priced at Rs 200.8, pegging the company’s market capitalization at an impressive Rs 57,406 crore.
As Nykaa continues to refine its omnichannel approach and expand product categories, FY26 may just see the platform strengthening its hold as India’s go-to destination for all things beauty and fashion.
