Highlights:
Consolidated:
- Revenue from Operations grew to Rs. 8,853 million with a growth of 47% on YoY basis and 8% on sequential basis. Marketing support Revenue grew by 68% YoY
- Gross Profit Margin was at 42.7%, improved by 213 bps sequentially primarily led by increase in share of GMV from owned brands and increase in share of Fashion GMV
- Q2 FY22 EBITDA was Rs. 288 million with flat EBITDA Margin at 3.3% as compared to Q1 FY22. Marketing and Advertisement expense as % to Revenue from Operations was at 13.7% as compared to 11.1% in Q1 FY22
- Profit after Tax was Rs. 12 million in Q2 FY22. Profit after Tax in H1 FY22 was Rs. 47 million as compared to loss after tax Rs. (251) million in H1 FY21
On Q2 FY22 performance, Falguni Nayar, Executive Chairperson, MD and CEO, said: "We have maintained growth momentum in our beauty business, accelerated our fashion business and focused on building the brand Nykaa with strong marketing campaigns both digitally and mass media. Increased marketing spends has led to acceleration of customer acquisition, also evident in the unique visitor and transacting customer metrics. The Company continues to invest in expansion of retail stores and fulfilment capacity ahead of the festive season. In terms of new initiatives, we are pleased to announce the acquisition of the skincare brand, Dot & Key which marks a significant step towards our owned brands strategy. Suyash and Anisha have cultivated a brand which sees great customer love, and we're very excited to have them on board the Nykaa family. We have also launched the Nykaa eB2B app - Nykaa Superstore. The business will be an area of focus for the quarters to come. On the fashion side, we have launched a brand, Gajra Gang, in the large and promising Indianwear space."
