Nykaa delivered a strong Q2 FY2026 performance, with consolidated revenue up 25% YoY to ₹2,346 Cr and PAT increasing by 154% YoY to ₹33 Cr. The company saw robust growth in the Beauty segment and a revival in Fashion. EBITDA grew by 53% YoY, with the EBITDA margin expanding to 6.8%. The Beauty business continues to deliver consistently, achieving over 25% GMV growth.
Q2 FY2026 Financial Performance
Nykaa announced its financial results for the quarter ended September 30, 2025, showcasing significant growth. Consolidated GMV reached ₹4,744 Cr, a 30% YoY increase, while revenue from operations rose by 25% YoY to ₹2,346 Cr. The company’s focus on profitable and sustainable growth is reflected in these results.
Key Financial Highlights
- Consolidated GMV grew 30% to ₹4,744 Cr.
- Revenue from Operations increased by 25% YoY to ₹2,346 Cr, marking the 12th consecutive quarter of mid-20s growth.
- Gross Profit grew 28% YoY to ₹1,054 Cr, representing the highest gross margin in the last 12 quarters.
- EBITDA grew 53% YoY to ₹159 Cr.
- EBITDA margins expanded to 6.8% in Q2 FY2026 compared to 5.5% in Q2 FY2025.
- Net Profit (PAT) was ₹33 Cr, up 154% YoY.
Segment Performance
The Beauty business continues to perform strongly, achieving over 25% GMV growth. The Fashion business delivered 37% YoY GMV growth, boosted by the introduction of global brands. Customer acquisition accelerated, with a cumulative customer base of 49 million across beauty and fashion.
Beauty Business Highlights
The Beauty vertical delivered strong performance with GMV growing 28% YoY to ₹3,551 Cr, driven by e-commerce, retail, and owned brands. The cumulative beauty customer base stands at approximately 40 million as of Q2 FY2026, a 31% YoY increase.
House of Nykaa Performance
The House of Nykaa – Beauty and Fashion has reached an annualized GMV run rate of approximately ₹2,900 Cr, marking a robust 54% YoY growth. For Q2 FY2026, the platform clocked GMV of over ₹720 Cr, serving over 16 mn+ customers.
Superstore by Nykaa
Superstore by Nykaa achieved an annualized GMV run rate of ₹1,100 cr+, up 25% YoY. It now reaches 3.3 lakh+ retailers across 1,100+ cities.
Nykaa Fashion
Nykaa Fashion delivered 37% YoY GMV growth to ₹1,180 Cr in Q2 FY26. EBITDA margin improved significantly. The core platform continued demonstrating robust engagement, with 191 mn visits (+30% YoY), 23 mn+ MAUV (+30% YoY).
Source: BSE
