Nykaa Q1 results: Net profit jumps 130%, revenue rises to ₹2,155 crore YoY; GMV grows 26%

The company’s revenue from operations increased 23.4% year-on-year (YoY) to ₹2,155 crore as compared to ₹1,746 crore in Q1 FY25, indicating consistent growth momentum over several quarters.

On the operational level, Nykaa’s earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at ₹140 crore, marking a jump of 46% from ₹96 crore in the corresponding quarter of the previous fiscal year.

The company’s EBITDA margin also improved to 6.5% in contrast to 5.5% YoY.

Nykaa delivered a strong Q1 FY26 performance, with consolidated GMV increasing 26% to ₹4,182 crore, supported by accelerated premiumisation and deeper market penetration.

The company said it continues to channel its strategic focus towards sustainable and profitable growth.

Commenting on the earnings, Falguni Nayar, Executive Chairperson, Founder and CEO of Nykaa, said, “This quarter’s performance underscores Nykaa’s ability to consistently balance growth and profitability across both our beauty and fashion businesses. Since our IPO, we have consistently delivered mid-20s growth at a consolidated level. Our cumulative customer base now stands at 45 million, reflecting the growing trust and adoption of our platform.”

Nykaa’s Beauty vertical showed robust growth in Q1 FY26, with GMV increasing 26% YoY to ₹3,208 crore. This was supported by strong all-round performance across e-commerce, retail stores, eB2B distribution and the House of Nykaa portfolio.

The cumulative beauty customer base expanded to nearly 37 million in Q1 FY26, reflecting a 29% YoY increase, while One Nykaa’s overall cumulative customer base is now over 45 million.

House of Nykaa delivered a strong performance, boasting an annualised GMV run rate of approximately ₹2,700 crore, marking a 57% YoY increase.

“The House of Nykaa Beauty business also continues to scale rapidly, driven by successful new launches and strong consumer demand, now contributing 18% of our overall beauty GMV—a clear testament to our brand-building strength,” Nayar further added.

Nykaa’s offline retail network continues to remain a key growth and premiumisation driver, with 250 beauty stores across 82 cities as of July 2025. Total retail space grew 36% YoY in Q1 FY26 to 2.5 lakh+ sq. ft., supported by the rollout of larger-format experiential flagship stores.

The profitable store network posted strong GMV growth of 33% YoY, underscoring Nykaa’s capital-efficient retail model, strong market position and consumer connection.

Meanwhile, Nykaa Fashion posted a robust performance in Q1 FY26, signalling a strong rebound in growth alongside notable profitability improvements. GMV grew 25% YoY to ₹964 crore.

Ahead of its earnings, shares of Nykaa settled at ₹205.70 apiece, gaining 1.06% on the National Stock Exchange.

The board of FSN E-Commerce has given the nod to acquire the remaining 40% stake in Nudge Wellness, making it a wholly owned subsidiary.

“The board of Nykaa has approved the acquisition of the remaining 40% equity stake in Nudge Wellness Private Limited for a consideration of ₹14.26 lakhs, resulting in Nudge Wellness becoming a wholly owned subsidiary,” the company said in a statement.

The acquisition is, however, subject to customary closing conditions and regulatory approvals.