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Nykaa Tops $1 Billion in FY2026 Revenue as Profit Surges on Strong Beauty and Fashion Growth

Nykaa Tops $1 Billion in FY2026 Revenue as Profit Surges on Strong Beauty and Fashion Growth
Story Highlights
  • Nykaa surpassed $1 billion in FY2026 revenue, with strong GMV growth and sharply improved profitability.
  • Robust Q4 results showed record margins and surging profit, underscoring Nykaa’s strengthening market position.
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The latest announcement is out from FSN E-Commerce Ventures Ltd. ( (IN:NYKAA) ).

Nykaa, the consumer-focused e-commerce platform of FSN E-Commerce Ventures, reported strong growth for the quarter and full year ended March 31, 2026, driven by its beauty and fashion verticals and rapid expansion of newer businesses. Management highlighted that the platform now serves over 55 million highly engaged, premium consumers and is increasingly using AI to enhance personalization, efficiency and scalability across its operations.

For FY2026, Nykaa crossed the USD 1 billion revenue mark, with revenue from operations rising 26% to Rs. 10,022 crore, consolidated GMV growing 28% to Rs. 19,963 crore and gross profit up 30% to Rs. 4,516 crore. Profitability improved sharply, as EBITDA increased 59% to Rs. 752 crore with margins expanding to 7.5%, while PAT surged 183% to Rs. 204 crore, signaling stronger operating leverage and reinforcing the company’s positioning as a scaled, profitable player in India’s online beauty and fashion market.

In Q4 FY2026, Nykaa delivered its highest revenue growth in 12 quarters and its best gross and EBITDA margins, with consolidated GMV up 28% to Rs. 5,241 crore and revenue from operations up 28% to Rs. 2,648 crore. Quarterly EBITDA climbed 67% to Rs. 223 crore and PAT rose 313% to Rs. 79 crore, indicating accelerating momentum and improved efficiency as the beauty business and other verticals continue to scale.

More about FSN E-Commerce Ventures Ltd.

FSN E-Commerce Ventures Ltd., which operates under the Nykaa brand, is an Indian online and omnichannel retailer focused on beauty, personal care, fashion and related lifestyle categories. The company caters to a large, premium and highly engaged consumer base in India, positioning itself as a multi-engine growth platform spanning core beauty and fashion verticals and newer businesses such as Superstore and House of Nykaa.

Average Trading Volume: 265,233

Technical Sentiment Signal: Buy

Current Market Cap: 782.3B INR

For an in-depth examination of NYKAA stock, go to TipRanks’ Overview page.

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