Nykaa Share Price: Profit mein record surge! EBITDA margin ne kiya kamaal

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AuthorRiya Kapoor|Published at:
Nykaa Share Price: Profit mein record surge! EBITDA margin ne kiya kamaal
Overview

Arre yaar, Nykaa ke results aa gaye hain aur kya zabardast numbers hain! Company ne Q3 FY26 mein record EBITDA margin **8.0%** hit kiya hai aur PAT toh **156%** badh gaya. GMV bhi **28%** upar chala gaya!

Numbers toh aise hain ki dekh ke maza aa jaye!

FSN E-Commerce Ventures (Nykaa) ne Q3 FY26 ke financials release kiye hain aur bhai, growth toh ekdum solid dikh rahi hai. Saath mein profitability mein bhi zabardast improvement hai.

**Asli figures kya kehte hain?

  • Gross Merchandise Value (GMV) mein 28% ka YoY growth raha, jo ab ₹5,795 crore ho gaya hai.
  • Net Selling Value (NSV) bhi 27% YoY badhkar ₹2,873 crore pe pahunch gaya.
  • Gross Profit 31% YoY badhkar ₹1,297 crore bana.
  • Gross Margin 45.2% raha, jo pichhle 13 quarteron mein sabse zyada hai.
  • EBITDA mein toh 63% YoY ka zabardast jump aaya, jo ₹230 crore tak pahunch gaya.
  • Aur sabse badi baat, EBITDA Margin company ke liye record 8.0% raha.
  • Profit After Tax (PAT) toh 156% YoY badhkar ₹68 crore ho gaya (net revenue ka 2.4%).
  • Agar hum ₹16 crore ke one-time provision (new labour code ke liye) ko hatayein toh adjusted PAT ₹78 crore (net revenue ka 2.7%) hota.
  • Beauty segment ka EBITDA Margin 10.1% par raha.
  • Fashion segment ka EBITDA Margin bhi sudhra hai, ab -2.0% hai jo pehle -5.4% tha.
  • Annual Unique Transacting Customers 26% YoY badhkar 18.7 million ho gaye.
  • Company ke apne brands ('House of Nykaa Brands') ne ₹3,500 crore ka annualized GMV run rate achieve kiya hai.
  • ROCE 19.1% annualized raha pehle 9 mahine FY26 ke liye, jo FY25 ke 11.3% se kaafi upar hai.

Ye sab hua kaise?

Company ki operational efficiency badhi hai aur margins expand ho rahe hain. Record EBITDA margin dikhata hai ki company apne scale ka use karke profitability badha pa rahi hai. PAT mein itna bada growth revenue growth se bhi zyada hai, jiska reason margins ka sudharna aur high-margin segments (jaise owned brands) par focus karna hai. ROCE mein sudhar bhi capital allocation aur returns ka signal de raha hai.

Aage kya hai Nykaa ke liye?

Management ko future growth par poora bharosa hai. Iska reason hai category expansion, apne brands ki taakat, strategic partnerships, aur operational efficiencies. Fashion segment mein abhi bhi EBITDA negative hai, lekin improvement dikh raha hai. Nykaa ne H&M aur Nike jaise bade brands ko onboard kiya hai aur L'Oreal ke portfolio ko bhi expand kar rahe hain. Ye sab future revenue stream badhane ke liye hain.

Risks bhi hain bhai!

Beauty aur fashion e-commerce mein competition badh raha hai. Nykaa Perfumery stores aur quick commerce jaise naye formats mein execution challenges aa sakte hain. Fashion business ko profitable banane ka safar bhi dekhte rehna hoga. Investors ko margin expansion, naye partnerships ka successful integration, aur market share gain par nazar rakhni hogi. Company ka focus apne owned brands aur category expansion par hi rahega.

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