FSN E-Commerce Ventures (Nykaa) reported strong Q3 FY2026 results, achieving its highest-ever quarterly GMV. Consolidated GMV reached Rs. 5,795 Cr, a 28% YoY increase, while revenue from operations grew 27% YoY to Rs. 2,873 Cr. EBITDA increased by 63% YoY to Rs. 230 Cr, with margins expanding to 8.0%. PAT surged by 156% YoY to Rs. 68 Cr, driven by robust performance in Beauty and accelerated momentum in Fashion.
Financial Performance Highlights
Nykaa delivered a strong performance in Q3 FY2026, achieving record-breaking results:
- Consolidated GMV grew by 28% to Rs. 5,795 Cr.
- Revenue from Operations increased by 27% YoY to Rs. 2,873 Cr.
- Gross Profit grew by 31% YoY to Rs. 1,297 Cr.
- EBITDA surged by 63% YoY to Rs. 230 Cr, with margins expanding to 8.0%.
- Profit Before Tax increased to Rs. 110 Cr, a 146% YoY increase.
- Net Profit (PAT) reached Rs. 68 Cr, up 156% YoY.
Business Segment Performance
Beauty Business
The Beauty vertical experienced stellar growth, marking its largest quarter to date. GMV grew by 27% YoY to Rs. 4,302 Cr. The Cumulative Beauty Customer base reached approximately 42 million+, a 30% YoY increase, while One Nykaa’s overall customer base exceeded 52 million (31% YoY increase).
Beauty Multi-brand Retail
Nykaa strengthened its position as the go-to partner for leading global beauty brands, launching international brands, including Dolce & Gabbana Beauty and Kylie Cosmetics.
Nykaa’s offline network expanded to 276 beauty stores across 94 cities. Nykaa Perfumery saw stores delivering nearly 3x the Average Order Value (AOV) of regular beauty stores, with over 45% of GMV from men’s fragrances.
House of Nykaa (Beauty & Fashion)
House of Nykaa GMV for the quarter stood at Rs. 872 Cr, reflecting a robust 48% YoY growth, serving over 16 million+ customers. The House of Nykaa Beauty portfolio GMV stood at Rs. 775 Cr, growing by 65% YoY.
Fashion
GMV grew 31% YoY to Rs. 1,476 Cr. Nykaa Fashion’s customer base exceeded 10 million, with orders crossing 3 million.
Source: BSE
