From mint · Sowmya Ramasubramanian · · 1m 20s
Nykaa expands quick commerce to 25 cities by FY27
Nykaa's quick commerce service now operates in 15 cities, targeting 25 by FY27 as Q2 profit doubles.
In brief
Nykaa's quick commerce service now operates in 15 cities, targeting 25 by FY27 as Q2 profit doubles. Nykaa's quick commerce service expanded to 15 cities in Q2, with profit rising 207% to ₹101 crore as it targets 25 cities by FY27. Originally reported by mint.
Nykaa's quick commerce expansion
Nykaa is accelerating quick commerce expansion targeting more than 25 cities by fiscal year 2027.
Q2 profit doubles
Nykaa reported 207% year-on-year increase in consolidated net profit to ₹101 crore for Q2.
Physical store growth
Nykaa expanded physical beauty stores to 338 locations across 111 cities, adding 14 stores in Q2.
Beauty sales surge
Beauty sales value rose 28% to ₹2,536 crore with Ebitda increasing 50% to ₹267 crore.
Customer engagement
Monthly unique visitors increased 30% to 54.1 million while average orders per customer rose 26%.
Acquisition of Simply Nam
Nykaa acquired 82% stake in Simply Nam Beauty for up to ₹33 crore, adding premium makeup brands.
Fashion profitability
Fashion division achieved Ebitda of ₹1 crore with margin improving to 0.2% from negative 3.5%.
Nykaa Now service
Nykaa Now offers delivery within 30-60 minutes, scaling rapidly with double the SKUs of competitors.
“Nykaa Now is one of our newest initiatives in beauty and is scaling rapidly. The depth of SKUs we offer is more than double of any quick commerce player out there”
Future plans
Nykaa targets 25 cities by FY27 with continued expansion of beauty and fashion portfolios.
At a glance
Nykaa's quick commerce service expanded to 15 cities in Q2, with profit rising 207% to ₹101 crore as it targets 25 cities by FY27.
