Nykaa Reports 25% Revenue Growth in Q2 FY26, 154% surge in PAT to 33Cr
Filing Summary
FSN E-Commerce Ventures Ltd, operating as Nykaa, reported a 25% year-on-year increase in consolidated net revenue for Q2 FY26, reaching Rs. 2,346 crore. The company’s gross merchandise value (GMV) rose by 30% to Rs. 4,744 crore, while profit after tax (PAT) surged by 154% to Rs. 33 crore. The beauty segment contributed significantly to this growth, with a GMV increase of 28% to Rs. 3,551 crore. Nykaa’s EBITDA grew by 53% to Rs. 159 crore, with margins expanding to 6.8%. The company also expanded its retail presence with 19 new stores.
FSN E-Commerce Ventures Ltd, known as Nykaa, announced its financial results for the quarter ending September 30, 2025. The company reported a 25% year-on-year increase in consolidated net revenue, amounting to Rs. 2,346 crore. The gross merchandise value (GMV) for the quarter rose by 30% to Rs. 4,744 crore. Profit after tax (PAT) increased by 154% to Rs. 33 crore. The company’s EBITDA grew by 53% to Rs. 159 crore, with the EBITDA margin expanding to 6.8% from 5.5% in the previous year.
The beauty segment was a key contributor to Nykaa’s performance, with a GMV growth of 28% year-on-year, reaching Rs. 3,551 crore. The company expanded its retail footprint by adding 19 new stores, bringing the total to 265 stores across 90 cities. Nykaa’s House of Nykaa portfolio recorded a 54% year-on-year GMV growth, driven by its owned beauty brands. The fashion segment also showed strong growth, with a 37% increase in GMV to Rs. 1,180 crore.
Operationally, Nykaa focused on expanding its product offerings and enhancing its omnichannel presence. The company launched several new brands, including Prada Beauty and La Prairie, and expanded its K-Beauty portfolio. Nykaa Now, the company’s rapid delivery model, fulfilled over 2 million orders across seven cities. The company also leveraged advanced AI integrations to provide personalized recommendations to consumers.
During the quarter, Nykaa continued to strengthen its market position by expanding its luxury beauty and fashion offerings. The company introduced globally trending brands such as GAP, Guess, and H&M to its platform. Nykaa’s customer base grew to 49 million, reflecting increased consumer engagement and acquisition efforts.
FSN E-Commerce Ventures Ltd operates under the brand name Nykaa, focusing on beauty and fashion retail. The company has a significant presence in both online and offline channels, with a strong emphasis on premium and luxury segments. Nykaa’s strategic initiatives include expanding its product portfolio, enhancing customer experience, and leveraging technology to drive growth.
Nykaa’s vision is to inspire and bring joy to consumers through its diverse range of beauty and fashion products. The company has established itself as a leading player in the Indian retail market, known for its focus on innovation and customer-centricity. Nykaa continues to expand its offerings and strengthen its market position by partnering with international brands and enhancing its omnichannel capabilities.