Overview

• Nykaa posted a 40% year-on-year increase in EBITDA to Rs 470 crore for FY25 and delivered a 28% rise in GMV to Rs 15,600 crore.
• Its fashion vertical narrowed losses by 200 basis points to an 8% EBITDA deficit in FY25, reaching Rs 4,000 crore in GMV and potentially poised for break-even in four years.
• The beauty arm grew 30% in FY25, outpacing the broader 20% market growth and maintaining over a 30% market share.
• The house of brands strategy underpinned strong margins with retailer markups of 40–50% and own-brand gross margins between 65–80% across seven in-house labels.
• Nykaa expanded its premium assortment in FY25 with launches including Chanel, YSL, NARS and Olaplex and is deploying AI personalization to deepen customer engagement.