Nykaa’s Quarterly Profit Nearly Triples to ₹101 Crore on Beauty and Margin Gains

Synopsis

FSN E-Commerce Ventures', the company behind Nykaa, earned a net profit of ₹101.19 crore in the September quarter compared with a net loss of ₹32.98 crore in the corresponding period last year. Revenue from operations grew by 28.1% to ₹3,006 crore. Gross merchandise value increased 30% to ₹6,151 crore while the EBITDA went up by 65% to ₹263 crore. The brand will also acquire an 82% stake in the Simply Nam makeup brand.

The headline numbers

As a result, the consolidated net profit of Nykaa grew by 206.8% to ₹101.19 crore in the second quarter of 2026-27 compared with ₹32.98 crore a year ago. Revenue from operations grew 28.1% to ₹3,006.04 crore, against ₹2,345.98 crore. Sequentially, profit rose 26.9% from ₹79.8 crore and revenue 8.1% from ₹2,782 crore. The figure of filing for profit attributable to owners stood at ₹100.81 crore, rising by 192.8% compared to the consolidated figure.

Gross merchandise value grew 30% to ₹6,151 crore while Gross profit increased 31% to ₹1,382 crore. Gross margin rose to 46% compared to 44.9%. EBITDA climbed 65% to ₹263 crore from ₹159 crore. Beauty continues to be the company's main focus with over 91% of consolidated revenue during 2025-26. The rise was due to premium beauty growth and improved operating efficiency.

Better profits were reported in the beauty business, while losses were narrower in fashion, it was reported. Quick-commerce brand Nykaa Now made inroads in the quarter as the company expanded to 15 cities, from just three a year ago. By end of 2026-27, the company aims to reach over 25 cities. Revenue growth also was aided by offline store count increases.

The board agreed to buy an 82% stake in Simply Nam Beauty. The transfer will broaden Nykaa's luxury beauty offerings. Here, the term that goes beyond the stake was not checked.

First-half position

Gross merchandise value rose by 32% to ₹11,740 crore for the first half of FY26-27. Profit after tax margin was 3.4%, a reflection of the fact that despite the big percentage increase, earnings remain thin.

What to watch

It's a percentage increase on a small base, and so actual profits remain low relative to revenue. The firm hasn't given specific revenue or profit forecasts for the year. The price of the shares was at ₹355.10 on 4 November, valued at ₹1.01 lakh crore in the market. Investors will follow - and continue to follow - as margin gains build as fast fashion expands and fashion makes money.