Nykaa reports 79% profit in Q1 FY 2026 as beauty and personal care segment drives growth
This growth illustrates its strong competitive position, resilience, and capacity to capitalize on India’s expanding beauty market.
INDIA – Nykaa has reported a significant 79% year-on-year surge in its consolidated net profit for the first quarter of fiscal year 2026, reaching ₹24.47 crore(USD 2.8 million), compared to ₹13.64 crore(USD 1.56 million) in the same period last year.
According to the brand, this outstanding performance was underpinned by resounding demand in its core beauty and personal care (BPC) segment.
The company’s revenue from operations rose 23% YoY to ₹2,155 crore (USD 246.3 million) from Rs 1,746 crore (USD 199.42 million) a year ago, reaffirming strong consumer appetite and effective business expansion strategies.
A significant growth catalyst was the beauty vertical, which saw its gross merchandise value (GMV) rise 26% YoY to ₹3,208 crore(USD 366.07 million).
This segment’s solid performance was powered by impressive gains across e-commerce and retail stores, as well as the eB2B distribution channel and the “House of Nykaa” brand portfolio.
Executive Chairperson and CEO, Falguni Nayar, emphasized that Nykaa’s ability to balance growth and profitability was exemplified in this quarter’s results.
The company’s EBITDA also soared 46% year on year (YoY), reaching ₹141 crore (USD 16.11 million), with margins improving to 6.5% from the previous year’s 5.5%.
Nykaa’s customer base continued to expand—cumulative beauty customers reached nearly 37 million, and its overall base stands at 45 million.
The offline retail network, now with 250 beauty stores in 82 cities, continues to be a key driver for deeper market penetration and increased premiumisation.
The “House of Nykaa” beauty business, supported by new launches and heightened demand, now contributes substantially—18% of the overall beauty GMV—underscoring Nykaa’s strength in homegrown brand-building.
In addition, Nykaa recorded a 15% growth in its fashion division, which features clothing and accessories from labels including Victoria’s Secret and Titan’s Mia.
This quarter, Nykaa’s blend of premiumisation, strategic expansion, and a focus on customer acquisition helped it weather a competitive and uncertain macro environment, solidifying its leadership in the Indian beauty and personal care market.
Sign up to receive our email newsletters with the latest news updates and insights from Africa and the World HERE.
