Overview
- Nykaa reported Q2 FY26 revenue of Rs 2,346 crore, EBITDA of about Rs 159 crore with a 6.8% margin, and net profit of Rs 34.4 crore, all rising strongly year on year.
- Consolidated GMV climbed 30% to Rs 4,744 crore, driven by roughly 28% growth in beauty as fashion improved but remained loss-making with a reported Rs 12 crore deficit influenced by a Rs 9.3 crore arbitration award.
- Management said marketing and S&D costs were about 13.1% of NSV to fund customer acquisition and premiumisation, with spending focused on brand-building rather than discounting.
- The company expanded its offline network by adding 19 stores to reach 265 across about 90 cities and scaled Nykaa Now to 53 hubs in seven cities that fulfilled more than two million orders.
- Shares closed around 6% higher after the results as brokerages were broadly positive but divided on valuation, and the board reappointed founder Falguni Nayar as executive chairperson, MD and CEO for five years from February 2026.