Nykaa Q2 Results: Nykaa on Friday reported a consolidated net profit of Rs 34.43 crore for the September quarter, a surge of 3.4 times over the corresponding period a year ago. The figure was slightly below the Rs 37 crore estimate of Zee Business analysts.
According to the company’s exchange filing, consolidated income rose 25 per cent year-on-year to Rs 2,346 crore from Rs 1,875 crore, broadly in line with Zee Business projection of Rs 2,345 crore. EBITDA grew 53 per cent on-year, with margins expanding to 6.8 per cent from 5.5 per cent in the corresponding quarter last year.
On Friday’s session, Nykaa shares closed at Rs 246 apiece, up 0.22 per cent, on the BSE.
Separately, the Board of Directors approved the re-appointment of Falguni Nayar as Executive Chairperson, Managing Director and Chief Executive Officer for a five-year term from February 12, 2026 to February 11, 2031, subject to shareholders’ approval. The decision followed a recommendation from the Nomination and Remuneration Committee, the company said in a stock exchange filing.
The Beauty vertical delivered a GMV of Rs 3,551 crore in Q2 FY26, up 28 per cent year-on-year, supported by e-commerce, physical retail and owned brands under the House of Nykaa. The cumulative Beauty customer base stood at around 40 million, a 31 per cent rise over last year.
The House of Nykaa platform—spanning beauty and fashion—reached an annualised GMV run rate of nearly Rs 2,900 crore, marking 54 per cent year-on-year growth. In Q2, it recorded GMV of over Rs 720 crore across 12 in-house brands, serving more than 16 million customers to date. The House of Nykaa Beauty portfolio alone delivered GMV of Rs 627 crore in the quarter, up 74 per cent year-on-year.
Superstore by Nykaa, the company’s B2B beauty distribution business, posted an annualised GMV run rate of over Rs 1,100 crore in Q2 FY26, a 25 per cent rise over the previous year. The platform now reaches over 3.3 lakh retailers across 1,100 cities.
‘Accelerated growth momentum’
Commenting on the results, Executive Chairperson and CEO Falguni Nayar said the quarter reflected “accelerated growth momentum” across businesses. “The Beauty business continues to deliver consistently, achieving over 25 per cent GMV growth for several consecutive quarters,” she said, citing growth in luxury and Korean Beauty segments, 19 new stores, expansion of the rapid delivery model Nykaa Now, and sustained traction in owned brands.
The Fashion business grew 37 per cent year-on-year, supported by the addition of brands such as GAP, Guess and H&M, she added.
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