Nykaa's Q3 Profit Surges 60% Amid Beauty Sector Growth

Nykaa, the parent company of India's leading beauty and personal care marketplace, reported a significant 60.5% increase in net profit for the third quarter of FY25, reaching ₹26 crore, although this fell short of market expectations. The company's total revenue rose 27% year-on-year to ₹2,267 crore, driven primarily by a 27% growth in its beauty segment, which generated ₹2,060 crore. Despite these positive financial results, Nykaa's fashion segment struggled, reporting a loss and only a 21% increase in revenue. The company's marketing investments and collaboration with Bollywood celebrity Katrina Kaif to promote Kay Beauty have contributed to its success in the beauty sector. Additionally, Nykaa has begun expanding its international presence, with new operations in Oman aimed at bolstering sales. Overall, while Nykaa's operational metrics showed promise, its net profit growth was below analyst expectations.