Nykaa Sector Top 20
Nykaa (legally FSN E-Commerce Ventures Limited) is an Indian omnichannel beauty, personal care and fashion retailer founded in April 2012 by Falguni Nayar, combining an inventory-led model for beauty/personal care with a marketplace model for fashion across nykaa.com, its apps, and 250+ physical stores. It became India's first unicorn led by a woman founder in 2020 and listed on the…
Valuation
Returns
Per share
Growth · year on year
Ownership
Price and ratios are compiled from the exchange and third-party market data, cached and refreshed through the day — they are not Atlas facts and are not investment advice. Where a ratio is computed on more than one basis (for example standalone versus trailing-twelve-month), each is shown separately rather than averaged into a single number.
How this score is calculated
| Measure | Value | Scores | Source |
|---|---|---|---|
| P/E What the market pays for each rupee of earnings. Lower is cheaper — but a low P/E can also mean the market expects earnings to fall. Computed on a different basis this reads 1,126.36, which would score 0/100. Scored on the figure shown. |
270.46 | 0/100 | BSE |
| P/B Price against book value. Most meaningful for banks and asset-heavy businesses; software and consumer brands trade high here for good reasons. |
53.62 | 0/100 | Market data |
| ROE Return on equity — profit generated per rupee of shareholder capital. Sustained high ROE is the clearest single marker of a good business. |
5.19 | 25/100 | Market data |
| ROCE Return on capital employed — the same idea including debt, so it is harder to flatter with leverage. |
6.73 | 25/100 | Market data |
| Profit growth Year-on-year growth in profit. Weighted above sales growth because profitable growth is the harder thing to do. |
-9.76 | 0/100 | Market data |
| Sales growth Year-on-year growth in revenue. |
-15.11 | 0/100 | Market data |
| Promoter holding How much of the company its founders and controlling group still own. Higher usually means their money moves with yours. |
52.08 | 100/100 | Market data |
The Atlas Score is our own arithmetic on the published figures above — nothing is hidden and nothing is bought in. It weighs quality and growth at 30% each, valuation at 25% and ownership at 15%, scoring each measure against fixed bands. Growth blends third-party market data with the fiscal-year figures we file and cite ourselves, so a company we have researched more deeply scores on richer evidence. A measure we could not fetch is left out of the average rather than counted as a zero. It is a summary of the numbers, not a recommendation, not a price target, and not advice about your circumstances.
Nykaa: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 1 Nov 2020 | Secondary purchase | Undisclosed | Fidelity | source |
| 2 Jun 2020 | Preferential allotment | ₹19.6 Cr | Sunil Kant Munjal | source |
| 1 May 2020 | Follow-on equity | ₹66.64 Cr | Steadview Capital | source |
| 1 Apr 2020 | Equity round (Unicorn round) | ₹100 Cr | Steadview Capital | source |
| 1 Apr 2019 | Growth equity | ₹100 Cr | TPG Growth | source |
| 14 May 2018 | Series D | ₹165 Cr (~$24.3 Mn) | Harsh Mariwala Dalip Pathak Max Ventures Sunil Kant Munjal TVS Capital Funds | source |
| 5 Oct 2015 | Series B | $9.5 Mn | TVS Capital Funds Atul Nishar Dalip Pathak Michael Carlos Sharp Ventures | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 12 Aug 2025 | Nykaa | Nudge Wellness | ₹14.26 lakh | source |
| 13 Aug 2024 | Nykaa | Dot & Key | ₹265.3 Cr | source |
| 13 Aug 2024 | Nykaa | Earth Rhythm | ₹44.5 Cr | source |
| 5 Aug 2022 | Nykaa | LBB (Little Black Book) | Undisclosed | source |
| 22 Apr 2022 | Nykaa | KICA | Undisclosed | source |
| 22 Oct 2021 | Nykaa | Dot & Key | Undisclosed | source |
| 12 Apr 2021 | Nykaa | Pipa Bella | Undisclosed | source |
| 22 Mar 2019 | Nykaa | 20Dresses | Undisclosed | source |
Recent Signals
-
12 Jul 2026 · financial
Nykaa Q3 FY26 net profit jumps 143% YoY to ₹63.3 crore, revenue up 26.7% to ₹2,873 crore source -
12 Jul 2026 · growth-traction
Nykaa crosses ₹10,000 crore (~$1 billion) revenue milestone in FY26 as profit surges source -
16 Jun 2026 · ma-strategic
Nykaa partners with OpenAI to build AI-native beauty and fashion commerce inside ChatGPT source
News on Nykaa
-
5 Sep 2026
Nykaa Earth Rhythm Acquisition Reaches Full Ownership -
4 Aug 2026
Nykaa Q1 Results: Profit Jumps 3.3x to ₹80 Crore in FY27 -
4 Aug 2026
Nykaa Acquires 51% Stake in Skincare Brand Aminu for ₹32 Crore -
31 Jan 2026
Nike Nykaa Partnership to Relaunch India D2C in 2026 -
6 Jul 2026
Nykaa projects around 30% revenue growth in Q1 FY27 -
13 Jul 2026
Naturis Cosmetics to raise Rs 33.74 crore in its maiden funding round -
23 Jun 2026
Nykaa Partners With OpenAI for Conversational Shopping in Beauty and Fashion -
23 Jun 2026
Nykaa Hits 52-Week High as Investors Cheer Its FY30 Roadmap -
17 Jun 2026
Nykaa partners with OpenAI for AI-enabled shopping -
22 May 2026
Nykaa cross $1B annualised revenue mark in FY26
L Litmus · by Lapaas
See the full business-model breakdown and validation framework for this company.
View Litmus AnalysisFAQs on Nykaa
Who founded Nykaa?
Nykaa was founded by Falguni Nayar, Adwaita Nayar in 2012.
How much funding has Nykaa raised?
Nykaa has raised $33.8 Mn across 7 tracked funding round(s), most recently on 2020-11-01. Figures are compiled from cited public sources.
Who are the investors in Nykaa?
Investors in Nykaa include Fidelity, Sunil Kant Munjal, Steadview Capital.
What does Nykaa do?
Nykaa (legally FSN E-Commerce Ventures Limited) is an Indian omnichannel beauty, personal care and fashion retailer founded in April 2012 by Falguni Nayar, combining an inventory-led model for beauty/personal care with a marketplace model for fashion across nykaa.com, its apps, and 250+ physical stores. It…
Where is Nykaa headquartered?
Nykaa is headquartered in Mumbai, Maharashtra, India.
What is Nykaa's business model?
Nykaa's core value proposition centers on Guaranteed authenticity in a counterfeit-prone category, One-stop beauty + fashion assortment, Omnichannel, touch-and-feel retail, Content- and community-led discovery.
How does Nykaa make money?
Nykaa's cited revenue streams include Beauty & Personal Care (BPC) marketplace + owned-inventory retail, Nykaa Fashion marketplace & inventory sales, Superstore by Nykaa (B2B wholesale), Advertising / ad-tech platform.