Results · Commerce & Consumer Brands

Nykaa posts strong Q1 and FY26 results

By Startup Enthusiast · 13 September 2026

What they do

Nykaa sells cosmetics, beauty products and fashion online in India

Q1FY27 net profit jumped 233% to ₹80 crore; FY26 revenue crossed ₹10,000 crore

The company targets $5 billion GMV and 40% ROCE by FY30

Nykaa reported Q1FY27 consolidated net revenue of ₹2,782 crore, up 29% year-on-year.
Net profit for the quarter was ₹80 crore, a 233% jump from the same period last year.
Contribution margin improved to 21.3%, up 140 basis points year-on-year.
EBITDA margin stood at 8.50%, up 200 basis points year-on-year.
For FY26, revenue from operations was ₹10,022 crore, growing 26% year-on-year.
FY26 net profit was ₹204 crore, a 183% increase year-on-year.
FY26 EBITDA margin reached 6.50%, up 150 basis points year-on-year.
The company's market capitalisation is about ₹1 lakh crore, similar to Meesho.

Nykaa's profitability has improved significantly, with PAT margin rising to 2.0% in FY26 from 0.9% in FY25.
Return on capital employed (ROCE) jumped to 21.2% in FY26, up 990 basis points year-on-year.
Operating free cash flow turned positive at ₹276 crore in FY26.
Working capital days improved to 28 days, a 6-day reduction year-on-year.

Nykaa is an online beauty store in India, selling cosmetics and beauty products.
It also operates Nykaa Fashion, a fashion retail segment.
The company has a B2B business called Superstore by Nykaa, serving retailers.
It owns House of Nykaa, a portfolio of in-house brands.
Nykaa Wanderlust is a travel retail vertical with about ₹50 crore GMV.
The company generates revenue from product sales, advertising and commissions.

Nykaa aims for FY30 GMV exceeding $5 billion and 40% ROCE.
It targets 2-3x revenue growth and 4-5x EBITDA growth from FY26 levels.
The Beauty segment aims for 2-3x GMV growth and reaching 100 million consumers.
Nykaa Fashion targets 3-3.5x GMV growth with high single-digit EBITDA margins.
House of Nykaa brands target net sales value surpassing ₹5,000 crore.
Superstore by Nykaa aims for GMV surpassing ₹3,500 crore and a retailer network over 1 million.
The company is transitioning to an AI-native platform using proprietary data, with initiatives like Skin Scan and Virtual Closet.