Nykaa crosses USD 1B revenue milestone in FY26 as profits rises 183%
The performance was driven by strong performance across its beauty, fashion, and offline retail businesses.
INDIA – Nykaa has reported a strong FY26, recording a 26% year‑on‑year rise in revenue from operations to Rs 10,022 crore (USD 1.05 billion)in FY26, while net profit for the financial year surged 183% to Rs 204 crore (USD 21.36 million).
In the fourth quarter ended March 2026, Nykaa’s consolidated net profit climbed to Rs 78.4 crore (USD 8.20 million) from Rs 20.3 crore (USD 2.13 million) in the same quarter of the previous year, with revenue from operations up 28.4% to Rs 2,648 crore (USD 277 million).
The beauty business remained the primary growth driver, delivering a 27% increase in gross merchandise value (GMV) to Rs 3,892 crore (USD 407 million), while the fashion vertical saw GMV grow 29% to Rs 1,334 crore (USD 139.6 million).
Nykaa founder Falguni Nayar stated, “Crossing the USD 1 billion revenue milestone along with a track record for profitability and capital efficiency marks a defining moment in Nykaa’s 14-year journey and reflects the deep trust consumers place in us.”
“Over the past three years, Nykaa has evolved into a multi-engine growth platform, with our beauty and fashion businesses doubling their GMV, while our newer businesses like Superstore and House of Nykaa have grown four times during the same period.”
She added, “Today, we serve over 55 million consumers who are among the most engaged and premium customers in India.”
Nykaa’s EBITDA for Q4 FY26 rose 67% to Rs 223 crore (USD 23.3 million), lifting the EBITDA margin to 8.4% from 6.5% a year earlier, while the fashion business reached break‑even EBITDA margins in the quarter.
The retailer also expanded its offline footprint, adding 76 stores in FY26, bringing the total to 313 across 99 cities in India.
Its B2B arm, Superstore by Nykaa, now serves around 4.93 lakh retailers across more than 1,100 cities and reported an FY26 GMV of Rs 1,187 crore (USD 124.1 million).
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