Results · Commerce & Consumer Brands

Nykaa forecasts Q3 FY26 revenue growth in upper mid-twenties

By Startup Enthusiast · 5 January 2026

What they do

Nykaa forecasted Q3 FY26 revenue growth in the upper mid-twenties and GMV/NSV growth in the late twenties year-on-year

In Q2 FY26, net profit rose 166% to INR 33 Cr, with net revenue at INR 2,346 Cr, up 25% YoY

Beauty vertical NSV grew 25.2% YoY in Q2, while fashion segment NSV grew ~27% but faced lower content and marketing income

Nykaa forecasts upper mid-twenties percent year-on-year revenue growth for Q3 FY26.
Net revenue grew 25% to INR 2,346 Cr in Q2 FY26.
Consolidated net profit surged 166% to INR 33 Cr in Q2 FY26.
Gross merchandise value rose 30% quarter-on-quarter to INR 4,744 Cr in Q2.
Stock price reached INR 268.35 with a 2.94% intraday high on BSE.
Beauty vertical NSV growth is expected in the late twenties for Q3.
Fashion segment contributed INR 1,180 Cr in GMV during Q2 FY26.
Pink Friday Sale occurred during Q3 marking the largest quarter by absolute scale.

Beauty vertical NSV reached INR 2,131 Cr with 25.2% YoY growth in Q2.
Fashion revenue grew 21% to INR 201 Cr in Q2 FY26.
Fashion NSV growth stood at approximately 27% in Q2 FY26.
Beauty vertical NSV growth is expected in the late twenties for Q3.
Fashion vertical NSV growth is expected in the mid-twenties for Q3.
Fashion net revenue growth is expected in the late teens due to lower content/marketing income and channel optimization.
Pink Friday Sale occurred during Q3 marking the largest quarter by absolute scale.