Nykaa shares in focus after Q4 profit up 286%, revenue up 28%

Shares of FSN E-Commerce Ventures, the parent company of Nykaa, will be in focus on Friday when it reported Rs. 78 crore, compared to Rs. 78 crore in the same period last year. 20 crore had jumped 286%. Profit after tax is attributable to equity shareholders of the parent company.

Income from operations during the quarter rose 28% year-on-year (YoY) to Rs. 2,648 crore, which in Q4FY25 was Rs. 2,062 crores. On a sequential basis, PAT in the December quarter stood at Rs. 63 crore, up 24%, though revenue fell 7% quarter-on-quarter, compared to Q3FY26’s reported Rs. 2,873 crores.

For the full year of FY26, the company’s net profit stood at Rs. 66 crores almost tripled to Rs. 199 crores. Annual revenue increased by 26% to Rs. 10,022 crore, which in FY25 was Rs. 7,950 crores.

Nykaa grew its gross merchandise value (GMV) by 28% YoY in the March quarter to Rs. 5,241 crore, extending its streak of GMV growth in the mid-20s to the 14th consecutive quarter. The company reported the highest quarterly revenue and gross margin seen in the last 12 quarters.

EBITDA for the quarter was Rs. 223 crore, up 67% from a year ago, accounting for 8.4% of net income.

For FY26, GMV grew 28% YoY to Rs. 19,963 crore, while net income rose 26% to Rs. 10,022 crores. EBITDA increased by 59% to Rs. 752 crore and profit after tax increased by 183% to Rs. 204 crores.

Commenting on the performance, Nykaa CEO Falguni Nair said that crossing the $1 billion revenue milestone while maintaining profitability and capital efficiency is a significant milestone in the company’s 14-year journey and reflects strong customer confidence in the brand.

She said Nykaa has transformed into a multi-engine growth platform over the past three years, with its beauty and fashion businesses doubling their GMV, while new verticals such as superstores and House of Nykaa have expanded fourfold over the same period.

Nair added that the company now serves more than 55 million customers, whom she described as the most engaged and premium customers in India. As Nykaa continues to grow its beauty and fashion businesses, the company is also focusing on wellness as a future growth opportunity, while remaining optimistic about the long-term prospects ahead.

She also highlighted the growing role of artificial intelligence (AI) in consumer businesses, saying AI is helping Nykaa improve personalization, efficiency and scalability in serving customers.

Shares of Nykaa have gained 36.5% in the last year.

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