Nykaa Q2 FY27: Net Revenue Jumps 28% to ₹3,006 Cr, PAT Soars 207%
Nykaa reported Q2 FY27 results with net revenue at ₹3,006 crore (28% YoY growth) and PAT soaring to ₹101 crore (207% YoY growth). Gross profit grew 31% to ₹1,382 crore and EBITDA increased 65% to ₹263 crore. The company acquired an 82% stake in Simply Nam for ₹33 crore and partnered with L'Oreal for brand investments.
The significant increase in revenue and profit, coupled with strategic acquisitions and partnerships, are material events that are likely to have a substantial impact on the company's future growth and market position.
The company reported strong year-on-year growth in revenue, profit, and EBITDA, along with successful brand acquisitions and strategic partnerships, indicating positive business performance.
FSN E-Commerce Ventures Limited (Nykaa) announced strong financial results for the second quarter ended September 30, 2026. The company reported a Gross Merchandise Value (GMV) of ₹6,151 crore, marking a 30% year-on-year growth. Net revenue saw a significant increase of 28% year-on-year, reaching ₹3,006 crore.
Gross profit grew by 31% to ₹1,382 crore, with the gross profit margin at 46%. EBITDA for the quarter was ₹263 crore, a substantial 65% year-on-year increase, resulting in an EBITDA margin of 8.7%. Profit After Tax (PAT) surged by 207% year-on-year to ₹101 crore, with a PAT margin of 3.4%. The company highlighted that these strong results were achieved despite the festive season shifting to the third quarter.
For the first half of FY27, net revenue stood at ₹5,788 crore (29% YoY growth), gross profit at ₹2,657 crore, EBITDA at ₹499 crore (66% YoY growth), and PAT at ₹181 crore (215% YoY growth).
The beauty vertical demonstrated healthy growth, with NSV at ₹4,907 crore for the first half (29% YoY growth). The fashion vertical showed strong momentum, with NSV at ₹960 crore for the first half (50% YoY growth). The fashion business also achieved breakeven at ₹1 crore EBITDA in Q2 FY27, a significant improvement from a loss in the previous year.
Nykaa highlighted key wins including the successful fourth edition of Nykaaland, attracting 30,000 attendees and achieving a social media reach of 150 million. The company also announced strategic partnerships and brand launches, including Yves Rocher, Oribe, Rare Beauty, COS, and Superdry. Furthermore, Nykaa announced the acquisition of a brand called Simply Nam and a strategic partnership with L'Oreal for investing in new beauty brands.
The annualized GMV across all platforms reached $2.6 billion. The beauty business saw GMV grow 25% to over ₹4,400 crore and NSV grow 28% to over ₹2,500 crore, with EBITDA up 51% and crossing 10% EBITDA margin. The retail business reported over 20% like-for-like same-store sales growth. Nykaa Now, the quick commerce initiative, offers a wide assortment of beauty and wellness products for delivery within 30-60 minutes.
The House of Nykaa brands reported an annualized GMV run rate of ₹4,000 crore and an annualized NSV of ₹2,300 crore, with NSV growing 36% year-on-year. Key brands like Dot & Key, Kay Beauty, and Nykaa Cosmetics continue to show strong performance. The acquisition of an 82% stake in Simply Nam for ₹33 crore was announced, with the transaction expected to close in Q3 FY27.
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FSN E-Commerce Ventures Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by FSN E-Commerce Ventures Limited. Read the original for the full detail.