Nykaa Reports Record GMV in Q3 FY26 Earnings Results; Net Profit Surges 156% YoY

Nykaa delivered its strongest-ever quarterly performance in Q3 FY26. Consolidated GMV rose 28% year-on-year to ₹5,795 crore, while revenue from operations increased 27% YoY to ₹2,873 crore.

Growth was driven by solid demand in the Beauty segment and faster momentum in Fashion, resulting in mid-20% sales value growth across businesses.

Nykaa Q3 FY26 Earnings: Profitability Improves Sharply

• Gross profit grew 31% YoY to ₹1,297 crore.
• EBITDA increased 63% YoY to ₹230 crore, with margins improving to 8.0% from 6.2% last year.
• Profit before tax rose 146% YoY to ₹110 crore.
• Net profit (PAT) jumped 156% YoY to ₹68 crore.
  After adjusting for a one-time labour code impact, PAT stood at ₹78 crore.

These numbers highlight Nykaa’s focus on sustainable and profitable growth.

Management Commentary

Founder and CEO Falguni Nayar said the company achieved record GMV and EBITDA margins while maintaining long-term growth.
She added that Nykaa now operates as a multi-platform lifestyle business serving over 52 million customers across beauty and fashion, supported by investments in product range, offline expansion, and technology.

About Nykaa

Founded in 2012 as a digital-first beauty retailer, Nykaa has expanded into fashion, men’s grooming, and B2B distribution through platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore. As of late 2025, Nykaa served 52 million customers online and operated more than 270 offline beauty stores.

Nykaa Share Price Movement

FSN E-Commerce Ventures share price (NSE: NYKAA) closed at ₹261.45 on February 5, 2026, showing a 49.98% gain over the past year. During the trading session, the stock opened at ₹253.05, touched a high of ₹263.24, and recorded a low of ₹252.02. Over the last 52 weeks, the stock has moved between a high of ₹273.22 and a low of ₹154.90, and it currently does not offer a dividend.

Read More: Best Dividend Paying Stocks in February 2026: Vedanta, Coal India, REC, ITC, and More!

Conclusion

Nykaa’s Q3 FY26 results show strong growth in sales, profitability, and margins, supported by beauty leadership and fashion expansion. With improving efficiency and expanding reach, the company appears well positioned for steady long-term growth.

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