Nykaa net profit soars over 3X, revenue up 29% in Q1
Nykaa will acquire 51% stake in Aminu, a premium dermocosmetic skincare brand for a cash consideration of Rs 32 crore.
Omnichannel beauty and fashion retailer Nykaa has clocked a more than 3x rise in net profit and a 29% rise in revenue for the first quarter of the 2026-27 fiscal year, driven by overall demand.
The company reported a net profit of Rs 79.76 crore for the first quarter of FY27 compared to Rs 24.47 crore in the similar period a year ago. Revenue from operations was Rs 2,782 crore compared to Rs 2154.94 crore registered a year earlier.
Falguni Nayar, Founder, Executive Chairperson, and CEO said, "This quarter marked continued acceleration in our growth momentum and EBITDA margins, both reaching their highest levels in the last 12 quarters.”
Consolidated gross merchandise value (GMV) touched Rs 5,590 crore for the first quarter, at a 34% YoY growth. EBITDA grew 68% YoY to reach Rs 236 crore during the quarter.
The beauty segment, which accounts for 90% of Nykaa’s revenue, grew 27.3% YoY. The fashion segment revenue grew 48% on a YoY basis though on a smaller base.
However, the fashion segment continued to report EBITDA losses, which stood at Rs 8.52 crore for the quarter, while the beauty segment registered a positive EBITDA of Rs 159.10 crore.
Long-term value creation
Meanwhile, Nykaa will acquire 51% stake in Aminu, a premium dermocosmetic skincare brand for a cash consideration of Rs 32 crore. The company said the acquisition is a natural extension of its innovation-led, consumer-first approach.
Founded in 2019 by Prachi Bhandari, Aminu reported a revenue of Rs 19.44 crore for FY26 and is profitable. Nykaa said it will acquire the remaining stake over the next few years on pre-agreed terms.
On the usage of artificial intelligence (AI), the Nykaa founder said, “Our AI-led initiatives are beginning to create meaningful consumer experiences, with Virtual Closet already driving 2x higher conversion and AskNykaa, our conversational search engine, emerging as a trusted beauty advisor on the platform. We remain focused on building with discipline, innovation, and long-term value creation."
Edited by Swetha Kannan