The latest Nykaa results show a strong start to FY27, with the company reporting a 3.3-fold jump in net profit to ₹80 crore for the quarter ended June 2026, driven by robust growth in its core beauty business and a sharp acceleration in its fashion segment. The beauty and fashion retailer also announced the acquisition of a 51% stake in premium skincare brand Aminu Wellness for up to ₹32 crore in cash, strengthening its portfolio of owned and partner beauty brands. The twin announcements underscore Nykaa’s strategy of combining profitable growth with targeted acquisitions in high-growth premium beauty categories.
Revenue from operations increased 29% year-on-year to ₹2,782 crore, while gross merchandise value (GMV) rose 34% to ₹5,590 crore. The beauty business remained the company’s largest contributor, while the fashion division posted faster growth and turned EBITDA-positive, reflecting improving operating leverage after several years of investment. Analysts said the results indicate Nykaa is successfully balancing expansion with profitability.
Nykaa Reports Strong Q1 FY27 Performance
The company reported:
- Revenue from operations: ₹2,782 crore (up 29% YoY)
- Net profit: ₹80 crore (up 3.3x YoY)
- Gross Merchandise Value (GMV): ₹5,590 crore (up 34% YoY)
The improvement was driven by continued momentum across both beauty and fashion, along with better cost efficiencies and operating leverage. Profitability is now the dividing line across Indian consumer internet — Eternal leads on profitability while Swiggy chases growth in the delivery market.
Q1 FY27 Financial Snapshot
| Metric | Q1 FY27 | YoY Growth |
|---|---|---|
| Revenue | ₹2,782 crore | 29% |
| Net Profit | ₹80 crore | 3.3x |
| GMV | ₹5,590 crore | 34% |
Beauty Business Continues to Lead
Nykaa’s beauty segment remained its primary growth engine.
Key highlights include:
- Beauty revenue reached ₹2,516 crore, accounting for more than 90% of total operating revenue.
- Growth was supported by strong demand across the company’s online platform, physical stores, and owned brands.
- Beauty EBITDA margin improved to 10.3%, compared with 9.0% a year earlier.
The company’s portfolio includes international brands alongside its own labels such as Nykaa Cosmetics, Dot & Key, and Kay Beauty.
Fashion Business Gains Momentum
Nykaa’s fashion segment continued its turnaround during the quarter.
According to the company:
- Fashion revenue reached ₹253 crore.
- Net sales value in the fashion business increased 54% year-on-year.
- The segment turned EBITDA-positive, reflecting stronger customer acquisition, a broader brand portfolio, and improving operating efficiency.
The improvement suggests that investments made in expanding the fashion business are beginning to deliver better financial returns.
Nykaa Acquires Majority Stake in Aminu
Alongside its quarterly results, Nykaa announced the acquisition of a 51% stake in Aminu Wellness Private Limited for up to ₹32 crore in cash. The full details are here: Nykaa acquires a 51% stake in skincare brand Aminu for ₹32 crore.
Acquisition Snapshot
| Item | Details |
|---|---|
| Target Company | Aminu Wellness Pvt. Ltd. |
| Stake Acquired | 51% |
| Deal Value | Up to ₹32 crore |
| Business | Premium skincare |
| FY26 Revenue | ₹19.4 crore |
Founded in 2019, Aminu develops and sells premium skincare products. Nykaa said the acquisition will strengthen its position in the premium beauty and personal care market while adding Aminu’s research and development capabilities and omnichannel distribution network.
Strategic Focus on Premium Beauty
The acquisition aligns with Nykaa’s long-term strategy of expanding its portfolio of owned and partner brands.
Potential benefits include:
- Strengthening its premium skincare portfolio.
- Expanding research and product development capabilities.
- Increasing exposure to high-growth skincare categories.
- Leveraging Nykaa’s omnichannel retail network to scale Aminu’s products.
The deal also complements Nykaa’s previous investments in beauty brands such as Dot & Key and Earth Rhythm, further strengthening its “House of Nykaa” portfolio.
Looking Ahead
Nykaa’s first-quarter FY27 performance highlights the company’s continued transition from a high-growth e-commerce platform to a more profitable omnichannel beauty and fashion retailer. A 3.3-fold increase in net profit, 29% revenue growth, and a 34% rise in GMV demonstrate improving operating leverage across both beauty and fashion, while the fashion segment’s EBITDA-positive performance suggests earlier investments are beginning to pay off.
Looking ahead, the acquisition of a majority stake in Aminu Wellness reinforces Nykaa’s focus on building a strong portfolio of premium beauty brands through targeted acquisitions. As demand for skincare and premium personal care products continues to grow in India, the company is well positioned to strengthen its market leadership by combining organic expansion with strategic investments in emerging brands.
Frequently Asked Questions
What did the Nykaa Q1 FY27 results show?
For the quarter ended June 2026, Nykaa reported net profit of ₹80 crore (up 3.3x year-on-year), revenue from operations of ₹2,782 crore (up 29%), and GMV of ₹5,590 crore (up 34%).
How much of Nykaa’s revenue comes from beauty?
Beauty contributed ₹2,516 crore, more than 90% of total operating revenue for the quarter. Its EBITDA margin improved to 10.3% from 9.0% a year earlier. Fashion contributed ₹253 crore.
Is Nykaa’s fashion business profitable now?
The fashion segment turned EBITDA-positive in Q1 FY27, with net sales value up 54% year-on-year. EBITDA-positive is not the same as net profit at the segment level, but it marks a clear turn after several years of heavy investment in the business.
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