Marketing expenses are back to pre-Covid levels: Nykaa's Anchit Nayar

In a Q&A, the CEO of the firm's beauty e-commerce segment dwells on the factors leading to a drop in profit, goal for its fast-growing fashion segment and physical retail foray

E-commerce company Nykaa saw its profit in the December quarter (Q3) drop 59 per cent to Rs 28 crore compared to the year-ago period even as revenue rose 36 per cent to Rs 1,098 crore. Anchit Nayar, CEO of the beauty e-commerce segment at Nykaa, spoke with Deepsekhar Choudhury about the factors leading to a drop in profit, goal for its fast-growing fashion segment and foray into physical retail. Edited excerpts:

What has led to a massive 59 per cent drop in net profit compared to Q3 last year?

Our EBITDA is up 300 basis points sequentially on the back