Digitally native lifestyle retailer FSN E-Commerce Ventures Ltd (Nykaa), has announced its financial results for the quarter and monetary year ended March 31, 2022. Nykaa has experienced overall strong performance in FY2022 amidst various macro-economic challenges like rising inflation, reduction in discretionary spending by consumers, and uncertainty around Covid-19.
Consolidated financial highlights for FY2022 and Q4 FY2022:
Revenue from operations grew 55% YoY to ₹ 37,739 million in FY2022 and grew 31% in Q4 FY2022 to ₹ 9,733 million
EBITDA was ₹ 1,633 million in FY2022, growing by 4% YoY. EBITDA margin like of Revenue from Operations declined to 4.3% in FY2022 vs 6.4% in FY2021, as a result of investment in Fashion and Other Businesses for future growth
Beauty and personal Care (BPC):
Strong performance prior the market
Annual Unique Transacting customers grew 49% YoY to eight.4 million as of March 31, 2022
BPC witnessed strong customer acquisition with new customers growing at 49% YoY to 4.4 million and improved customer retention with existing customers contributing to 73% of the GMV in FY2022
BPC EBITDA margins have sustained in FY2022 despite elevated marketing costs during the year
Fashion:
Scaling in an exceedingly very highly competitive environment
Fashion GMV contributed 25.3% to Consolidated GMV in FY2022
Annual Unique Transacting customers grew 182% YoY to 1.8 million as of March 31, 2022, with a strong customer acquisition of 1.6 million in FY2022
Investment in the future:
Nykaa has invested in future growth engines for greater diversification in lifestyle categories moreover as vertically integrating across the value chain
Others include new businesses NykaaMan, eB2B platform SuperStore by Nykaa, International, and new brand acquisitions
Another GMV was ₹ 1,829 million contributing to 2.6% of the Consolidated GMV in FY2022 SuperStore by Nykaa has 18,000+ transacting retailers across 300+ cities with 130+ brands listed as of March 31, 2022
Falguni Nayar, Executive Chairperson, MD, and CEO, said, “We have expanded our addressable market through new growth engines – specialty retail stores, Nykaa Man, and SuperStore. These businesses, along with our consumer brands portfolio have witnessed increasing momentum throughout the year. We deeply value our shareholders’ faith in us and hold their capital within the very best regard. Our investments are always made in getting the building blocks right – like tech platform, customer experience, and assortment – and growing our new and early stage businesses sustainably with a long-term focus.”
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