Nykaa Q4 Results FY26: FSN E-Com Profit Jumps 286% to Rs 78 Crore, Revenue Grows 28% on Strong Beauty Demand

FSN E-Commerce Ventures, the parent company of leading beauty and fashion platform Nykaa, delivered a strong performance in the March quarter of FY26, supported by steady demand across its beauty and fashion segments and continued expansion in its digital commerce ecosystem.

Nykaa Q4 Results FY26: FSN E-Commerce Ventures' Profit Jumps 286%, Revenue Rises 28%

For the quarter, Nykaa reported a consolidated net profit of Rs 78.38 crore, marking a sharp 286% year-on-year increase compared with the same period last year. Profitability also improved sequentially, rising from Rs 63.31 crore in Q3 FY26, indicating sustained operational momentum.

Revenue from operations stood at Rs 2,648.17 crore in Q4 FY26, up 28.4% from Rs 2,061.76 crore a year earlier. The company also saw a significant improvement in operating performance, with EBITDA increasing 67% year-on-year to Rs 223 crore, while margins expanded to 8.4%, the highest recorded for any fourth quarter.

On a broader scale, Nykaa's gross merchandise value (GMV) reached Rs 5,241 crore in the March quarter, reflecting a 28% rise over the previous year. For the full financial year FY26, GMV stood at Rs 19,963 crore, also up 28% year-on-year, showing consistent demand trends across categories.

Nykaa Q4 Performance Boosted by Beauty Leadership and Robust Fashion Demand

The beauty segment continued to remain the core growth driver, generating Rs 2,409.94 crore in revenue during the quarter, registering a 27.2% annual increase. The fashion vertical also maintained strong traction, with revenue rising 40% to Rs 225 crore, supported by higher customer engagement and product demand across premium and lifestyle categories.

Management noted that GMV growth has remained stable in the mid-20% range for 14 consecutive quarters, reflecting steady consumer demand rather than short-term spikes. Over the last three years, Nykaa's core beauty and fashion businesses have doubled their GMV, while newer initiatives such as Superstore and House of Nykaa have expanded fourfold, strengthening the company's multi-segment strategy.

The company also highlighted its improving business mix, which it described as a "multi-engine growth platform" driven by both established categories and emerging verticals.

Commenting on the performance, Falguni Nayar, Executive Chairperson, Founder and CEO of Nykaa, said, "Crossing the $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 & Fashion businesses doubling their GMV, while our newer businesses like Superstore and House of Nykaa have grown 4X during the same period," she added.

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