FSN E-Commerce Ventures Limited (Nykaa) has announced its financial results for FY2026, highlighting robust performance across its business segments. The company reported a consolidated revenue of ₹10,022 crores, marking a substantial 26% year-on-year growth. Profit after tax also saw a significant surge of 183%, reaching ₹204 crores, underscoring the company’s expanding profitability and strong capital efficiency.
Nykaa Delivers Strong Financial Performance in FY2026
FSN E-Commerce Ventures Limited (Nykaa) has unveiled its financial results for the fiscal year ended March 31, 2026, revealing a period of exceptional growth and profitability. The company’s consolidated revenue reached approximately ₹10,000 crores, crossing a significant milestone and demonstrating a robust 26% year-on-year increase.
Profitability and Efficiency Gains
More importantly, Nykaa’s growth was accompanied by expanding profitability and stronger capital efficiency. The company’s operating leverage within its business model contributed to an impressive 183% surge in Net Profit (PAT), reaching ₹204 crores. This growth was further supported by a 155 bps expansion in EBITDA margin to 7.5%, driven by operational excellence and scale efficiencies.
Fashion Segment Shows Strong Revival
The Fashion business marked a structural shift, with GMV surging 30% YoY to ₹4,954 crores. The business also achieved EBITDA breakeven in Q4 of the fiscal year. The quality of this growth is attributed to a premium, digitally native consumer base.
Disciplined Capital Allocation
Nykaa maintained a disciplined approach to capital allocation, with total capital expenditure limited to ₹145 crores, representing a disciplined 1.4% of Net Revenue. This was deployed exclusively towards high-velocity physical store expansion and strengthening its technology infrastructure.
Outlook
Looking ahead, Nykaa expressed optimism about India’s lifestyle economy, anticipating a defining decade of growth. The company believes its well-positioned strategy, strong brand equity, and continued investments will drive profitable growth while strengthening its leadership across beauty, fashion, and wellness.
Source: BSE
