Nykaa Q2 results: A promising future in line?

Key highlights from Nykaa Q2 outcomes:

• The corporate’s income and gross revenue elevated on each Y-o-Y and sequential foundation however EBITDA and revenue decreased resulting from a rise in advertising bills.
• The corporate’s GMV (gross merchandise worth) elevated by 63 per cent with the sweetness and private care section rising by 38 per cent and the style section rising by 27 per cent.
• Common month-to-month distinctive guests elevated by 62 per cent within the magnificence and private care section, and by a large 328 per cent within the style section.
• Annual distinctive transacting prospects additionally elevated in each segments; by 40 per cent within the magnificence and private care section, and by 417 per cent within the style section.
• The corporate has acquired a 51 per cent stake in Dot & Key, a premium skincare model. It has additionally entered the nutraceuticals market beneath the model ‘IKWI’.
• Nykaa has launched ‘Superstore by Nykaa’, an digital B2B platform primarily catering to underserved retailers and serving to them enhance their choices.