Nykaa Reports Strong Q1 FY2027 Results, Announces 51% Stake Acquisition in Aminu Wellness

Nykaa Reports Strong Q1 FY2027 Results, Announces 51% Stake Acquisition in Aminu Wellness​

FSN E-Commerce Ventures Limited, known as Nykaa, reported robust financial results for the quarter ended June 30, 2026. The company announced accelerated net revenue growth and significant profit increases during Q1 FY2027. Simultaneously, Nykaa announced the acquisition of a 51% majority stake in Aminu Wellness Private Limited, aiming to strengthen its premium skincare portfolio.

The company showcased strong performance across its Beauty and Fashion segments, reflecting the expansion of both e-commerce operations and physical retail networks.

Q1 FY2027 Financial Highlights​

Nykaa demonstrated substantial growth across key operational metrics for the quarter ended June 30, 2026. Consolidated Gross Merchandise Value (GMV) grew by 34% year over year (YoY), while net profit saw a dramatic rise.

Financial performance indicators are summarized below:


Executive Chairperson, Founder and CEO Falguni Nayar noted that the quarter marked continued acceleration in growth momentum and EBITDA margins, with both reaching their highest levels in the last 12 quarters.

Strategic Growth Across Verticals​

Beauty Sector Performance:
The Beauty vertical maintained strong momentum, recording a GMV of Rs. 4,105 Cr for Q1 FY2027. This sector saw Net Sales Value (NSV) growth at 29% YoY. Nykaa continues to lead in premium beauty, partnering with marquee global brands such as Rare Beauty and SK-II, alongside bringing Judydoll into its portfolio.

The company is expanding its physical retail footprint across India. As the largest beauty specialty retailer network, Nykaa increased its store count to 324 across 105 cities, achieving a 29% YoY increase in total retail space, which reached approximately 3.3 lakh sq. ft. During the quarter, Nykaa also unveiled its largest Luxe store at Ambience Mall, Vasant Kunj, covering over 5,000 sq. ft.

Fashion and House of Nykaa:
The Fashion vertical delivered a standout performance, with GMV increasing 53% YoY to Rs. 1,471 Cr. NSV for the category rose 54% YoY to Rs. 451 Cr. The business model showed marked profitability improvement, with the EBITDA margin expanding from -6.2% in Q1 FY2026 to 0.1% in Q1 FY2027.

The Fashion portfolio reported strong customer growth, reaching a cumulative base of 12 million customers, which is up 34% YoY. Key brand and category successes include Women’s fashion growing by 40% YoY and Men’s at 83% YoY. The platform expanded its differentiated brands to over 130+, including Birkenstock and H&M Move.

Operational innovation was highlighted, as the Virtual Closet feature—a virtual try-on experience since May 2026—has powered over 200K virtual avatars and achieved double the conversion rate among users. The company also saw continued success in strategic collaborations, with Nike crossing 1.5 million app installs within six months of launch.

Beauty EB2B:
The Superstore by Nykaa segment grew its GMV to Rs. 336 Cr, supported by expansion into 1,200+ cities and a registered retailer base exceeding 523k+, marking a 30% YoY increase. The portfolio in this area includes brands such as Sebamed, Minimalist, Deconstruct, and Yoga Bar.

Nykaa Acquires Majority Stake in Aminu Wellness​

In a strategic move to bolster its House of Nykaa portfolio, FSN E-Commerce Ventures Limited announced the acquisition of a 51% majority stake in Aminu Wellness Private Limited. Aminu is a premium dermocosmetic skincare brand known for combining clinical-grade formulations and ingredient innovation.

Founded in 2019 by Prachi Bhandari and Aman Mohunta, Aminu has been bootstrapped since inception and is profitable. The brand achieved an eight fold increase in revenue over the last three years, reaching Rs. 19 crores in FY26.

The acquisition combines Aminu’s research capabilities with Nykaa's consumer insights and omnichannel reach. The founders will continue to run the business post-acquisition, while Nykaa plans to acquire the remaining stake over subsequent years on pre-agreed terms. This move aims to accelerate Aminu’s expansion while reinforcing Nykaa’s leadership in the premium skincare segment.

NYKAA Stock Price Movement​

FSN E-Commerce Ventures Limited saw its stock shed 0.70% in post-market trading, settling at ₹342.50 today. The decline followed heavy volume, with the share price closing near its annual high and trading within a daily range that extended down to ₹334.6.