Nykaa Q3 Results 2026: FSN E-Com's Profit Soars 143% to Rs 63 Cr, Revenue Rises 27% YoY; GMV Hit Record Highs

FSN E-Commerce Ventures Ltd, the operator of beauty and fashion platform Nykaa, reported a strong improvement in profitability for the December quarter, with net profit attributable to equity shareholders surging 143 percent year-on-year to Rs 63.3 crore in Q3 FY26.

Nykaa Q3 Results Today: Net Profit Surges 143%, Revenue Grows 27% YoY

The sharp rise in earnings came on the back of robust revenue growth, record gross merchandise value (GMV), and a meaningful expansion in operating margins. The company had posted a net profit of Rs 26.1 crore in the corresponding quarter last year, according to its unaudited financial results for the quarter ended December 31, 2025.

Revenue from operations rose 26.7 percent year-on-year to Rs 2,873.26 crore in Q3 FY26, compared with Rs 2,267.21 crore in Q3 FY25, reflecting sustained demand across Nykaa's beauty and fashion businesses. Total income for the quarter stood at Rs 2,879.52 crore, up from Rs 2,272.74 crore a year earlier.

The company said growth was driven by strong momentum in the Beauty segment and an acceleration in the Fashion vertical, resulting in mid-20s net sales value (NSV) growth across platforms.

FSN E-Commerce Q3 Earnings: Costs Rise, But Profitability Improves Sharply

On the expenditure front, total expenses increased to Rs 2,753.54 crore during the quarter, compared with Rs 2,228.18 crore in the year-ago period. Purchase of traded goods rose to Rs 1,504.77 crore from Rs 1,284.96 crore, while employee benefits expense increased to Rs 202.90 crore from Rs 174.60 crore.

Despite the rise in costs, Nykaa delivered a sharp improvement in profitability. Profit before tax surged to Rs 109.62 crore in Q3 FY26 from Rs 44.56 crore in the same quarter last year. The quarter also included exceptional items of Rs 16.36 crore. Total tax expense stood at Rs 41.88 crore, resulting in a net profit after tax of Rs 67.74 crore. After accounting for non-controlling interests, profit attributable to equity shareholders stood at Rs 63.31 crore.

Earnings per share (EPS) for the quarter rose to Rs 0.22 on both a basic and diluted basis, compared with Rs 0.09 in Q3 FY25.

Nykaa EBITDA Jumps 63%; Margins Expand to 8%

Nykaa reported a strong improvement in operating performance during the quarter. EBITDA increased 63 percent year-on-year to Rs 230 crore, while EBITDA margin expanded to 8.0 percent in Q3 FY26 from 6.2 percent in the year-ago period.

Gross profit grew 31 percent year-on-year to Rs 1,297 crore, reflecting better operating leverage, scale benefits, and improved cost efficiencies across the business.

Record GMV in Q3; Beauty and Fashion Drive Growth

The company delivered its highest-ever quarterly GMV in Q3 FY26, with consolidated GMV rising 28 percent year-on-year to Rs 5,795 crore. Nykaa said the record performance was led by strong execution in Beauty and faster growth in the Fashion segment.

The Beauty vertical recorded its largest quarter to date, with GMV rising 27 percent year-on-year to Rs 4,302 crore. Growth was supported by traction across online platforms, physical retail stores, and owned brands under the House of Nykaa portfolio.

Nykaa Customer Base Expands Sharply

Nykaa also reported strong growth in customer metrics. The cumulative Beauty customer base crossed 42 million as of Q3 FY26, reflecting a 30 percent year-on-year increase. The company's overall customer base across platforms exceeded 52 million, up 31 percent compared with the same period last year.