Nykaa board reappoints Adwaita Nayar at 13th annual general meeting
She has served as Executive Director at Nykaa since July 1, 2021.
INDIA – At Nykaa’s 13th Annual General Meeting held on August 25, 2025, the board of FSN E-Commerce Ventures Ltd, which operates Nykaa, approved the re-appointment of Adwaita Nayar as Executive Director.
The AGM was chaired by Falguni Nayar, Executive Chairperson and CEO of Nykaa, and included the adoption of the financial results, the appointment of other directors, and the appointment of secretarial auditors for a period of five years.
All resolutions, including Adwaita Nayar’s re-appointment, were passed with the requisite majority.
Since July 1, 2021, she has served as Executive Director at Nykaa, a company she co-founded.
Her role spans key strategic areas, including marketing, operations, and product development, where she remains actively involved in shaping the brand’s growth and innovation.
Adwaita Nayar also serves as the CEO of Nykaa Fashion, where she has played a key role in scaling the fashion vertical, achieving a Gross Merchandise Value (GMV) of Rs 3,800 crore(USD 430 million) in fiscal year 2025 and serving 8 million customers.
Her re-appointment underscores Nykaa’s focus on strengthening leadership as it expands its lifestyle ecosystem.
Nykaa Q1 FY 2026 financial highlights
Nykaa recently reported a significant 79% year-over-year surge in its consolidated net profit for the first quarter of fiscal year 2026, reaching ₹24.47 crore (approximately 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.
The company’s EBITDA also surged 46% year-over-year (YoY), reaching ₹141 crore (USD 16.11 million), with margins improving to 6.5% from the previous year’s 5.5%.
Sign up to receive our email newsletters with the latest news updates and insights from Africa and the World HERE.
