FSN E-Commerce Ventures (Nykaa) announced its investor presentation for Q2FY26, highlighting a 30% YoY increase in GMV to ₹4,744 Cr and a 25% YoY rise in Net Revenue to ₹2,346 Cr. The company reported a Gross Profit of ₹1,054 Cr with a 44.9% margin, and EBITDA reached ₹159 Cr. PAT stood at ₹33 Cr, reflecting a 1.4% margin.
Q2FY26 Performance Highlights
Nykaa’s Q2FY26 performance demonstrates robust growth across key financial metrics:
- GMV:₹4,744 Cr, up 30% YoY
- Net Revenue:₹2,346 Cr, a 25% YoY increase
- Gross Profit:₹1,054 Cr, with a margin of 44.9%
- EBITDA:₹159 Cr, a 6.8% margin with 53% YoY growth
- PAT:₹33 Cr, achieving a 1.4% margin with 154% YoY growth
The company achieved its highest YoY growth in the last six quarters and maintained consistent mid-20s growth for the past twelve quarters. Furthermore, Nykaa achieved its highest gross and PAT margins to date, with the highest EBITDA margin since its IPO.
Beauty and Fashion Growth
Nykaa experienced robust growth in both its Beauty and Fashion segments:
- Beauty: Recorded a 27% YoY growth in NSV.
- Fashion: Witnessed a 27% YoY growth in NSV, driven by strong traction in its core platform business, expanding brand assortment, and robust customer acquisition.
Key Operational Metrics
The company’s operational highlights include:
- Cumulative Customer Base: Reached 49 million, a 32% YoY increase.
- Beauty Store Network: Expanded to 265 stores, with 19 new stores added in Q2.
- City Presence: Increased to 90 cities, adding 8 new cities in Q2.
- Brand Portfolio: Features approximately 4,200 beauty brands and 5,000 fashion brands.
- Annualized GMV: Achieved $2.2 billion across all platforms.
House of Nykaa Performance
The House of Nykaa achieved significant milestones:
- Reached ₹2,900 Cr in annualized GMV run rate.
- Demonstrated 54% YoY growth.
- Served over 16 million customers to date.
eB2B: Superstore by Nykaa
Superstore by Nykaa continues to expand its reach with:
- Transacting Retailers: A 41% YoY increase
- Order Growth: A 42% YoY increase
Fashion: Revamping Channel Strategy
Nykaa Fashion is revamping its channel strategy with improved profitability:
- Achieved significant growth in core platform business with the introduction of high-profile brands such as H&M
- Implemented growth focused on core fashion platform business.
Source: BSE
