Nykaa profit drops 59% to Rs 28 cr in Q3, revenue up 36%

The company's consolidated gross merchandise value grew 26 per cent sequentially and 49 per cent on a YoY basis to Rs 2,044 crore in Q3 of FY22

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.

The company’s consolidated gross merchandise value (GMV) grew 26 per cent sequentially and 49 per cent on a YoY basis to Rs 2,044 crore in Q3 of FY22. The company said that GMV has grown 83 per cent year to date.

Its beauty and personal care GMV grew 29 per cent sequentially and 32 per cent YoY to Rs  1.533 crore in Q3 of FY22.