Nykaa Q2 FY27 results: Net profit jumps three-fold to ₹101 crore YoY; GMV grows 30%

The company’s revenue from operations increased 28% year-on-year (YoY) to ₹3,006 crore as compared to ₹2,346 crore in Q2 FY26.

On the operational level, Nykaa’s earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at ₹263 crore, marking a jump of 66% from ₹158 crore in the corresponding quarter of the previous fiscal year.

The company’s EBITDA margin also expanded to 8.75% in contrast to 6.75% YoY. 

Nykaa’s consolidated gross merchandise value (GMV) grew 30% annually to ₹6,151 crore. Its beauty business recorded strong momentum, supported by accelerated customer acquisition and premiumisation among existing customers. The company also launched over 330 brands in the past year.

“Our performance this quarter reflects the strength of the Nykaa ecosystem, with each of our businesses contributing to growth and productivity gains. We continued to improve operational efficiency, particularly across marketing and overheads. Beauty and fashion are seeing accelerated growth, while House of Nykaa and Wellness offer significant runway for long-term growth,” said Falguni Nayar, Executive Chairperson, Founder and CEO of Nykaa.

Nykaa’s beauty vertical recorded a GMV of ₹4,454 crore in Q2 FY27, covering its e-commerce, retail stores, eB2B distribution and House of Nykaa Beauty businesses. Net sales value (NSV) grew 28% annually during the quarter, while EBITDA increased 51% YoY.

The company said that House of Nykaa continued to scale up during the quarter, recording an annualised GMV run rate of over ₹4,000 crore and an annualised NSV of over ₹2,300 crore in Q2 FY27. Its NSV grew 36% YoY.

Further, Superstore by Nykaa registered a GMV of ₹328 crore, supported by an expanding retailer network and wider geographic reach. Its registered retailer base grew 27% YoY to over 5.5 lakh. Nykaa’s fashion business reported a 47% YoY increase in NSV to ₹509 crore, alongside an improvement in profitability.

In Q2 FY27, the company expanded its beauty retail footprint to 338 stores, with more than 14 new stores in the quarter across 111 cities (+6 cities in Q2), with total retail space increasing over 26% YoY to over 3.4 lakh sq. ft.

Along with the earnings, Nykaa’s board of directors also approved the acquisition of an 82% stake in Simply Nam Beauty for a consideration of up to ₹33 crore. The acquisition will be made on a fully diluted basis, the firm said.

“The acquisition adds a complementary dimension to House of Nykaa’s makeup portfolio, which caters to diverse consumers, from trend-led makeup for younger audiences to celebrity-led beauty brands with inclusivity at its core,” it said.

On Wednesday, Nykaa shares closed at ₹355.50 apiece on the National Stock Exchange, gaining 0.45%. The earnings, however, came after market hours.