The second quarter earnings season is underway and as many as 540 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of Hyundai, Nykaa, General Insurance, Zydus and BSE.Apart from the above, Jai Balaji Industries, Ion Exchange, Emami Realty, Elcid Investments, Ador Welding, Alchemist Corp, BCL Enterprises, Chatha Foods, DCX Systems, Kross Ltd, Likitha Infrastructure and a few others will announce their quarterly results.Nykaa Q2 expectationsOmnichannel fashion and beauty retailer Nykaa is expected to report strong growth in its profitability during the quarter ended September 2024.Net profit for the second quarter may triple YoY, according to an average estimate of four brokerages. Meanwhile, revenues are expected to increase 26% YoY to Rs 1900 crore driven by BPC business while fashion would remain subdued.Analysts expect a slight improvement in EBITDA margin to 6.1% in Q2FY25."We model overall GMV/revenue growth of 25/26% YoY, primarily driven by BPC GMV/revenue growth of 27/16% YoY and fashion business GMV/revenue growth of 18/26% YoY," said Kotak Equities"We expect an EBITDA margin of 6.1%, implying expansion of 70 bps YoY and 60 bps QoQ. We believe operating leverage in BPC and lower losses in Fashion will drive margin expansion," the brokerage said.In its pre-quarterly update, Nykaa said its beauty vertical has delivered a robust net revenue as well as net sales value (NSV) growth of mid-twenties, with GMV growth even higher."Strong overall performance was seen across omnichannel retail business, owned brands as well as eB2B distribution business, ahead of the festive season," the company said.The Fashion vertical’s NSV growth is seen at around early teens. The acquisition of LBB, Nykaa’s content platform business, continues to perform well, delivering high growth taking the overall vertical’s revenue growth to early twenties for this quarter.In the preceding June quarter, Nykaa reported a consolidated net profit of Rs 13.64 crore, which was up by 152% YoY and revenue from operations rose 23% YoY to Rs 1,746 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)