Nykaa Achieves $1 Billion Revenue Milestone in FY2026; Reports Strong Growth in Profitability and Multi-Brand Verticals

Nykaa Achieves $1 Billion Revenue Milestone in FY2026; Reports Strong Growth in Profitability and Multi-Brand Verticals​

FSN E-Commerce Ventures Limited (Nykaa) today announced its financial results for the quarter and full year ended March 31, 2026. The company marked a significant milestone by crossing the USD 1 billion revenue mark in FY2026, alongside notable year-over-year increases in EBITDA and Net Profit.

The company reported consistent performance across its platforms, with its Beauty vertical delivering superior growth and profitability, while its B2B Superstore segment reinforced its market leadership.

Financial Performance Summary​

Nykaa's financial results highlight robust year-over-year growth across key metrics for both Q4 FY2026 and the full fiscal year.

The consolidated financial performance is summarized below:

Strategic Growth and Market Outlook​

Speaking on the results, Falguni Nayar, Executive Chairperson, Founder and CEO of Nykaa, stated that crossing the $1 billion revenue milestone, coupled with a track record of profitability and capital efficiency, represents a defining moment in the company's 14-year journey.

She noted that Nykaa has evolved into a multi-engine growth platform over the past three years. The Beauty and Fashion businesses doubled their GMV, while newer verticals like Superstore and House of Nykaa grew four times (4X) during the same period. As of March 31, 2026, the company served over 55 million consumers.

"We are building Wellness as a future frontier and remain confident in the long-term opportunity ahead. Simultaneously, we are seeing AI emerge as a powerful enabler for consumer businesses, enabling us to serve our customers with greater personalization, efficiency, and scale," Nayar added.

Segment Highlights​

Beauty Vertical
The Beauty vertical demonstrated strong growth in FY2026, achieving a GMV of Rs. 14,954 Cr, a 27% year-over-year increase. The company launched over 200 globally iconic brands across luxury, Korean Beauty, and Dermocosmetic segments, partnering with global beauty houses such as L'Oreal, Estee Lauder, Shiseido, Puig, and Amore Pacific.

In retail expansion, Nykaa reported adding 76 stores, bringing its total network to 313 stores across 99 cities. The platform utilizes AI-powered tools, such as its Virtual Skin Analyzer, to provide personalized product recommendations based on consumer-diagnosed skin concerns.

House of Nykaa
House of Nykaa Beauty and Fashion achieved an annualized GMV run-rate of Rs. 3,176 Cr in FY2026, marking a 49% YoY increase. Within this segment, House of Nykaa Beauty GMV reached Rs. 2,788 Cr, quadrupling over the last three years. The portfolio now serves over 17 million customers across 12 owned beauty and fashion brands, and the distribution scaled to over 150K doors across India.

Beauty B2B: Superstore by Nykaa
Superstore by Nykaa reinforced its leadership in the B2B beauty distribution space. The GMV grew 4x over three years, from Rs. 325 Cr in FY2023 to Rs. 1,187 Cr in FY2026. The platform significantly scaled its network to 493K registered retailers, expanding its portfolio to cover 220+ brands with 50 new brand additions in FY2026. Key partnerships included FMCG players such as Colgate, Reckitt, L'Oréal, and Johnson & Johnson.

Fashion Business
The Fashion segment reported a GMV of Rs. 4,954 Cr in FY2026, a 30% year-over-year increase. This growth was driven by strong partnerships with retailers like Nike and H&M, and launching over 1,280 brands. Strong growth across sub-categories included men's wear (up 60% YoY), kids (up 50% YoY), and home categories (up 40% YoY). The platform introduced Nykaa Muse, a virtual try-on closet, to enhance the virtual shopping experience.

Other Developments
In a strategic move, Nykaa completed its acquisition of Earth Rhythm in FY2026, bringing its stake to 100%. Earth Rhythm is noted for its naturally effective, clean beauty products.

The company confirmed that despite an impact on its GCC operations due to the ongoing geopolitical scenario, the contribution to OneNykaa was minor, and the company continues to monitor the regional developments.

NYKAA Stock Price Movement​

Today, FSN E-Commerce Ventures Limited shares edged higher, closing at ₹274.5, a gain of 0.62% for the day. The stock saw significant trading volume, moving over 5.84 million shares during the session.