FSN E-Commerce Ventures Ltd, the parent company of Nykaa’s share price rallied on Monday after the beauty and fashion platform reported robust September quarter (Q2FY26) results.
The company’s beauty and personal care (BPC) segment, along with its fashion vertical, recorded strong growth, boosting market sentiment.
Nykaa (FSN E-Commerce Ventures Ltd) delivered a strong performance in Q2FY26, showcasing broad-based growth across its Beauty and Fashion businesses. The company reported a Gross Merchandise Value (GMV) of ₹4,744 crore, marking a 30% YoY increase — the highest in the last six quarters. Net Revenue for the quarter stood at ₹2,346 crore, up 25% YoY, maintaining a consistent growth trajectory in the mid-20s range for the past 12 quarters.
Gross Profit rose 28% YoY to ₹1,054 crore, representing 44.9% of Net Revenue — the highest gross margin achieved in the last 12 quarters. EBITDA reached ₹159 crore, translating to 6.8% of Net Revenue, with a 53% YoY growth, making it the highest EBITDA margin since Nykaa’s IPO. The company also reported a Profit After Tax (PAT) of ₹33 crore, a 154% YoY rise, with PAT margin improving to 1.4%, the highest since listing.
The company highlighted robust Beauty growth and a revival in Fashion, with 27% Net Sales Value (NSV) growth across verticals in Q2. Nykaa Beauty continued its steady performance, delivering over 25% growth for several consecutive quarters.
The House of Nykaa segment achieved a milestone of ₹2,900 crore annualised GMV run rate in Q2, reflecting a 54% YoY growth. Beauty brands under this portfolio scaled to ₹600 crore+ GMV, registering a strong 74% YoY growth, making it India’s second-largest homegrown beauty brand portfolio.
Nykaa continued expanding its omnichannel retail presence, strengthening its position as India’s largest specialized beauty store network. The store count reached 265 in Q2FY26, with expansion focused on Tier 2 and Tier 3 cities. The company has served over 16 million customers to date, driven by consistent marketing investments aimed at accelerating customer acquisition and retention.
Overall, Nykaa’s Q2FY26 results underscore strong execution across business verticals, margin improvement, and deepening customer engagement, reaffirming its mission to capture India’s multi-decadal growth opportunity in beauty and lifestyle retail.
Check Nykaa Share Price Live to analyse the stock movement further.
As of 2:37 pm, Nykaa’s stock traded 6.87% higher at ₹262.7 on the NSE, ranking among the session’s top gainers. The surge came on the back of consistent improvement in profit margins, aided by festive season demand and better consumer spending trends.
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