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Nykaas Stunning Financial Growth Revealed investorupdate stocks investor investorsentiment IT
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Based on the FSN E-Commerce Ventures Limited (Nykaa) Integrated Annual Report for FY 2023-24, here are the key financial and strategic highlights: • Financial Highlights: • Revenue: • Nykaa reported a consolidated revenue from operations of â‚ą63,856 million, reflecting a 24% year-on-year growth​(316c7dec-30ff-437b-8fe1…). • Gross Merchandise Value (GMV): • Nykaa's consolidated GMV grew by 28% year-on-year to reach â‚ą124 billion in FY 2024​(316c7dec-30ff-437b-8fe1…). • EBITDA: • Nykaa achieved an EBITDA of â‚ą3,462 million, marking a 35% growth over the previous year​(316c7dec-30ff-437b-8fe1…). • The EBITDA margin improved to 5.4%​(316c7dec-30ff-437b-8fe1…). • Profit After Tax (PAT): • PAT for FY 2023-24 was â‚ą397 million, reflecting a 90% increase over the previous year​(316c7dec-30ff-437b-8fe1…). • Strategic and Operational Highlights: • Beauty and Personal Care Segment (BPC): • Nykaa's BPC segment continued to show strong growth, with the GMV crossing the $1 billion milestone​(316c7dec-30ff-437b-8fe1…). • The BPC business accounted for 73% of total GMV and showed a 25% year-on-year growth​(316c7dec-30ff-437b-8fe1…). • Fashion Segment: • The Fashion vertical also performed well, with GMV growing 27% to reach â‚ą32,699 million in FY 2024​(316c7dec-30ff-437b-8fe1…). • Nykaa Fashion holds a 20% market share in the premium women's fashion market​(316c7dec-30ff-437b-8fe1…). • Expansion and International Reach: • Nykaa expanded internationally with the launch of Nysaa in the GCC (Gulf Cooperation Council) region, including the opening of its first store in Dubai​(316c7dec-30ff-437b-8fe1…). • The Nykaa Global Store added 39 international brands, growing at a CAGR of 56% over FY 2021-24​(316c7dec-30ff-437b-8fe1…). • Superstore by Nykaa (B2B): • Nykaa’s eB2B platform Superstore reached 1.94 lakh transacting retailers and saw a 71% increase in orders year-on-year, while also improving its contribution margin by over 900 basis points​(316c7dec-30ff-437b-8fe1…). • Conclusion: • Nykaa demonstrated significant growth across its key business verticals, particularly in the beauty and personal care segment, while also improving profitability and expanding its international presence. Its focus on innovation, omnichannel retail, and strategic partnerships positions it well for future growth. • Open A Trading Account and Start your Informed Investing Journey. • Upstox • https://link.upstox.com/vGYak3HHwjW5X... • Kite by Zerodha • https://zerodha.com/open-account?c=PF...
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