Nykaa reported a consolidated net profit of ₹80 crore for the quarter ended June 30, 2026, a 226% year-on-year increase from ₹24 crore in Q1FY26. Revenue from operations climbed 29% to ₹2,782 crore, driven by strong growth in its core beauty segment and the first-ever positive EBITDA contribution from the fashion vertical. The significant profit surge was primarily fueled by a 123 basis point expansion in gross margin to 45.9% and improved operating leverage, allowing pre-tax profits to nearly triple despite higher fulfillment costs.

The financial results were reviewed by statutory auditor S.R. Batliboi & Associates LLP and approved by the Board on August 04, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In a strategic move to expand its portfolio, the Board approved the acquisition of a 51% equity stake in Aminu Wellness Private Limited for a consideration of up to ₹32 crore. The transaction is not classified as a related-party deal and is expected to close in Q2FY27, subject to regulatory approvals.

Consolidated Financial Performance

The Group’s total income stood at ₹2,791.31 crore, compared to ₹2,164.27 crore in the previous year’s corresponding quarter. Total expenses increased to ₹2,662.15 crore from ₹2,120.56 crore, primarily due to higher purchases of traded goods and employee benefits. Gross profit rose 33% to ₹1,276 crore, while EBITDA jumped 68% to ₹236 crore. Earnings per share (basic) rose to ₹0.28 from ₹0.08 in Q1FY26.

Segment-Wise Breakdown

The Beauty segment remained the primary growth engine, contributing ₹2,516.33 crore to revenue, up from ₹1,975.37 crore in Q1FY26. The segment delivered a result before exceptional items of ₹159.10 crore, significantly higher than the ₹96.28 crore reported last year. The Fashion segment saw revenue rise to ₹252.63 crore from ₹170.83 crore, delivering positive EBITDA for the first time, marking a turnaround from a loss position in previous quarters. The 'Others' segment, comprising international beauty business, contributed ₹13.04 crore to revenue.

What the Numbers Show

The disproportionate rise in net profit (226%) compared to revenue growth (29%) indicates improved operational leverage and margin expansion. While expenses grew by 26%, they lagged behind revenue growth, allowing pre-tax profits to nearly triple. The Beauty segment’s contribution to segment results increased by 65% YoY, highlighting successful premiumization strategies and efficient cost management in the core business unit. Marketing and S&D expenses as a percentage of revenue declined by 42 basis points to 14.8%, reflecting better efficiency in performance marketing spends.

Operational Highlights

Key operational metrics showed robust engagement across platforms. Visits to the Beauty platform grew 22% YoY to 500 million, while Fashion visits surged 28% to 211 million. Annual Unique Transacting Customers (AUTC) for Beauty rose 25% to 20.8 million. The company added 11 new physical stores in the quarter, bringing the total store count to 324. Retail space expanded 29% YoY to approximately 3.3 lakh sq. ft., with double-digit same-store sales growth reported. The launch of Rare Beauty and exclusive partnerships with Unilever Prestige and P&G brands further strengthened the assortment engine.

Acquisition Details

Aminu Wellness Private Limited, engaged in the manufacture and sale of skincare cosmetics, reported a turnover of ₹19.44 crore in FY2025-26, up from ₹12.96 crore in FY2024-25. Nykaa cited Aminu’s strong R&D capabilities and omnichannel distribution as key reasons for the acquisition. The Aminu team, led by Prachi Bhandari and Aman Mohunta, will continue to run the business. The remaining 49% stake will be acquired over the next few years, as per terms set out in the transaction documents.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE388Y01029/ef90865b-9f9b-4121-b260-0f1eb43f3553.pdf

FSN E-Commerce Ventures Limited ( nykaa ) will convene its 14th Annual General Meeting (AGM) on Tuesday, August 25, 2026, at 10:30 a.m. (IST) through Video Conferencing or Other Audio Visual Means. The meeting, held in compliance with the Companies Act, 2013 and SEBI Listing Regulations, aims to adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Additionally, shareholders will vote on the re-appointment of two retiring directors and the appointment of a new statutory audit firm, marking a significant governance transition for the beauty and fashion e-commerce platform.

The Board of Directors has recommended the appointment of M/s. Walker Chandiok & Co. LLP, Chartered Accountants, as the Statutory Auditors of the Company for a term of five consecutive years. This term will commence from the conclusion of the 14th AGM and extend until the conclusion of the 19th AGM in the calendar year 2031. The proposed remuneration for audit services for FY27 is ₹0.80 Crores, excluding administrative expenses and applicable taxes. This represents no material change compared to the remuneration paid to the retiring auditors, M/s. S.R. Batliboi & Associates LLP, who complete their second five-year term at this meeting.

Two Non-Executive (Non-Independent) Directors are retiring by rotation and seeking re-appointment: Mr. Sanjay Nayar and Mr. Milan Khakhar. Mr. Nayar, who holds 60,20,84,620 equity shares through the Sanjay Nayar Family Trust, has waived his sitting fees and commission. Mr. Khakhar has similarly waived his commission and other expenses. Both directors have attended at least 75% of Board meetings over the past three years, with Mr. Khakhar attending all six meetings in FY26.

Shareholders holding shares as of the cut-off date, Tuesday, August 18, 2026, are eligible to vote. Remote e-voting will be available from Friday, August 21, 2026, at 09:00 a.m. (IST) until Monday, August 24, 2026, at 05:00 p.m. (IST). Members are advised to register their queries by Thursday, August 20, 2026, at 05:00 p.m. (IST), to have them addressed during the meeting. The facility for appointment of proxies is not available for this virtual meeting.

Governance and Compliance

The meeting adheres to Ministry of Corporate Affairs circulars permitting virtual gatherings. The deemed venue is the Company’s Registered Office in Mumbai. Institutional members must submit certified board resolutions authorizing representatives to vote. The Scrutinizer for the voting process is Mr. Sachin Sharma or Mr. Vishwanath of M/s. Sharma and Trivedi LLP. Results will be announced within two working days of the AGM’s conclusion. Members are also reminded to dematerialize physical shares and link PAN with Aadhaar as per SEBI mandates.