Nykaa FY26 PAT rises 183% to ₹204 Cr
Nykaa reported a consolidated net profit of ₹204 crore for FY26, a sharp increase of 183% from ₹72 crore in the previous year. Revenue from operations grew 26% year-on-year to ₹10,022 crore, crossing the USD 1 billion milestone. EBITDA grew 59% to ₹752 crore, with margins expanding to 7.5% from 6.0% in FY25. For the quarter ended March 31, 2026, net profit stood at ₹79 crore, up 313% from the same period last year. Revenue from operations grew 28% to ₹2,648 crore. EBITDA for Q4FY26 increased by 67% to ₹223 crore, with margins expanding to 8.4%, the highest ever. The Beauty segment remained the largest contributor, generating revenue of ₹9,139 crore for the year. The Fashion segment reported revenue of ₹832 crore, while the Others segment contributed ₹51 crore. Nykaa expanded its retail network to 313 stores across 99 cities, adding 76 stores during the year. On a standalone basis, FSN E-Commerce Ventures Limited reported a net profit of ₹88 crore for FY26, compared to ₹97 crore in the previous year.
*this image is generated using AI for illustrative purposes only.
Nykaa has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a consolidated net profit of ₹204 crore for FY26, a sharp increase of 183% compared to ₹72 crore in the previous year. Revenue from operations grew 26% year-on-year to ₹10,022 crore, crossing the USD 1 billion revenue milestone. The audio and video recording of the Analyst / Investor Conference Call held on May 21, 2026, regarding these results is available on the Company's website.
Consolidated Performance
For the financial year ended March 31, 2026, the company achieved its highest-ever EBITDA and PAT margins. EBITDA grew 59% to ₹752 crore, with margins expanding to 7.5% from 6.0% in FY25. Consolidated GMV grew 28% to ₹19,963 crore. Gross profit for the year increased 30% to ₹4,516 crore.
For the quarter ended March 31, 2026, net profit stood at ₹79 crore, up 313% from the same period last year. Revenue from operations grew 28% to ₹2,648 crore. EBITDA for Q4FY26 increased by 67% to ₹223 crore, with margins expanding to 8.4%, the highest ever. Total income for the quarter was ₹2,648 crore, while total expenses amounted to ₹2,425 crore.
| Metric | FY26 (₹ crore) | FY25 (₹ crore) |
|---|---|---|
| Revenue from Operations | 10,022 | 7,950 |
| Total Income | 10,055 | 7,977 |
| Total Expenses | 9,707 | 7,850 |
| Net Profit | 204 | 72 |
Segment Results
The company's operations are divided into three primary business segments: Beauty, Fashion, and Others. The Beauty segment remained the largest contributor, generating revenue of ₹9,139 crore for the year. The Fashion segment reported revenue of ₹832 crore, while the Others segment contributed ₹51 crore. The Beauty segment achieved a GMV of ₹14,954 crore, growing 27% year-on-year. The Fashion business delivered a GMV of ₹4,954 crore, up 30% YoY.
Business Highlights
Nykaa expanded its retail network to 313 stores across 99 cities, adding 76 stores during the year. The House of Nykaa brands achieved an annualized GMV run-rate of ₹3,176 crore, up 49% YoY. The company also completed the acquisition of Earth Rhythm in FY26, increasing its stake to 100%. Superstore by Nykaa, the B2B distribution platform, grew 4x over three years to reach a GMV of ₹1,187 crore.
Standalone Results
On a standalone basis, FSN E-Commerce Ventures Limited reported a net profit of ₹88 crore for FY26, compared to ₹97 crore in the previous year. Total income for the year stood at ₹546 crore. The standalone results reflect the company's holding activities and investments in subsidiaries.
Historical Stock Returns for Nykaa
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.00% | +1.56% | +4.65% | +3.25% | +38.29% | -24.59% |
With Nykaa crossing the USD 1 billion revenue milestone, what international markets or geographies could the company target next to sustain its high growth trajectory?
Given the Fashion segment's 30% GMV growth outpacing Beauty's 27%, could Fashion eventually challenge Beauty as Nykaa's primary revenue driver in the next 3-5 years?
How might Nykaa's full acquisition of Earth Rhythm and its expanding House of Nykaa brands portfolio impact its private label margin profile and competitive positioning against global beauty giants entering India?
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