FSN E-Commerce, the parent company of fashion and beauty retailer Nykaa, reported a multifold growth in consolidated net profit to Rs 34.4 crore in the Q2FY26 from Rs 10.04 crore in the Q2FY25. Nykaa’s revenue from operations rose 25.13% to Rs 2,345.98 crore in Q2 FY26, as compared to Rs 1,874.74 crore in Q2FY25.
Key highlights from Nykaa’s Q2FY26
On sequential basis, Nykaa’s profit and revenue increased 47.64% and 8.86%, respectively.
Nykaa’s consolidated GMV (gross merchandise value) grew 30% year-on-year to Rs 4,744 crore.
Nykaa Founder and CEO Falguni Nayar said Q2’s performance reflects accelerated growth momentum across categories. “The beauty business continues to deliver consistently, achieving over 25% GMV growth for several consecutive quarters. This quarter saw accelerated brand launches, particularly across luxury and Korean beauty, alongside the addition of 19 new stores, further strengthening our omnichannel presence. Our House of Nykaa portfolio recorded an impressive 54% YoY GMV growth, driven by sustained momentum in our owned beauty brands, which continue to resonate deeply with consumers,” Nayar said.
“The fashion business delivered 37% YoY GMV growth, complemented by the introduction of globally trending brands this year, such as GAP, Guess, and H&M, reinforcing our differentiated curation and growing appeal in premium fashion. Even our customer acquisition has accelerated, now with a 49 million cumulative customer base across beauty & fashion,” she said.
Nykaa Beauty’s GMV rose 28% to Rs 3,551 crore, while Nykaa Fashion’s GMV grew 37% to Rs 1,180 crore in Q2 FY26. Shares of Nykaa settled 0.22% higher at Rs 246 apiece on the BSE on Friday. The financial results were announced post-market hours.
With the inputs from PTI