FSN E-Commerce Ventures, the parent company of Nykaa, reported a sharp rise in profits for the September quarter, reflecting strong consumer demand across its core beauty and fashion businesses. The company posted a consolidated net profit of Rs 33 crore for Q2 FY26, marking a 154 percent jump compared to the same period last year.
Revenue from operations rose 25 percent year-on-year to Rs 2,346 crore, while overall Gross Merchandise Value (GMV) touched Rs 4,744 crore, up 30 percent. Nykaa’s gross profit climbed 28 percent to Rs 1,054 crore, the highest level in three years, underscoring steady margin improvement. EBITDA grew 53 percent to Rs 159 crore, with margins expanding to 6.8 percent from 5.5 percent in the previous year.
Falguni Nayar, Executive Chairperson, Founder and CEO of Nykaa, said the company’s performance reflected “accelerated growth momentum” across all verticals, supported by strong consumer engagement and a wave of new brand partnerships. The beauty segment, which continues to anchor the business, saw GMV increase 28 percent to Rs 3,551 crore, aided by robust e-commerce growth and expansion of Nykaa’s own brand portfolio. The “House of Nykaa” line recorded a 54 percent jump in GMV.
Nykaa added 19 new stores during the quarter, taking its physical network further across India, while also scaling its rapid-delivery service, Nykaa Now. The company’s cumulative beauty customer base reached 40 million, up 31 percent year-on-year.
The fashion vertical, which had been under pressure in previous quarters, showed signs of revival with GMV growing 37 percent, driven by new listings from brands such as GAP, Guess and H&M.
For the first half of FY26, Nykaa reported revenue of Rs 4,501 crore, up 24 percent year-on-year, and a profit of Rs 57 crore, nearly double the previous year’s figure.
