Nykaa reported a consolidated net profit of ₹80 crore for the quarter ended June 30, 2026, marking a 226% year-on-year increase from ₹24 crore in Q1FY26. The significant profit surge was primarily fueled by a 123 basis point expansion in gross margin to 45.9% and improved operating leverage, which allowed pre-tax profits to nearly triple despite higher fulfillment costs. Revenue from operations climbed 29% to ₹2,782 crore, driven by robust growth in its core beauty segment and the first-ever positive EBITDA contribution from the fashion vertical. This performance underscores Nykaa’s successful premiumization strategy and efficient cost management, delivering substantial value to shareholders through enhanced profitability.

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 and Regulation 30 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 by September 15, 2026, 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/INE388Y01029/9691635e-701e-40c9-b9fc-fe2721cbb602.pdf

FSN E-Commerce Ventures Limited reported a consolidated net profit of ₹79.76 crore for the quarter ended June 30, 2026, up from ₹24.47 crore in the same period of FY25. The e-commerce major’s total income surged to ₹2,791.31 crore, compared to ₹2,164.27 crore in Q1FY25, reflecting strong top-line momentum as it enters its second quarter of profitability expansion. This performance underscores the company's improving unit economics and scale efficiencies.

The Board of Directors approved the unaudited financial results at a meeting held on August 04, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Full details were filed with the National Stock Exchange of India Limited and BSE Limited.

Consolidated Financial Performance

Consolidated profit before tax stood at ₹129.16 crore for Q1FY26, a substantial improvement over ₹43.71 crore reported in Q1FY25. Total comprehensive income was recorded at ₹0.08 crore, compared to ₹0.12 crore in the prior year period. Paid-up equity share capital increased slightly to ₹286.48 crore from ₹286.03 crore in the previous quarter.

Standalone Results

On a standalone basis, FSN E-Commerce Ventures Limited reported total income of ₹127.69 crore for the quarter, compared to ₹121.93 crore in Q1FY25. Standalone net profit after tax declined to ₹9.57 crore from ₹12.92 crore in the corresponding period last year. Profit before tax was ₹12.78 crore, down from ₹17.44 crore previously. This divergence between consolidated and standalone profitability highlights the significant contribution of subsidiaries to the group’s overall earnings.

What the Numbers Show

The sharp contrast between consolidated net profit growth (+226%) and standalone net profit decline (-26%) indicates that the majority of FSN E-Commerce Ventures’ earnings are now generated through its subsidiary operations rather than the parent entity. While the parent company’s revenue remained relatively flat, the consolidated revenue jump of nearly 29% suggests that acquisitions or wholly-owned subsidiaries are driving the bulk of the top-line expansion. Investors should monitor whether this subsidiary-driven profit model sustains margin improvements in subsequent quarters.