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Nykaa Profit Soars 3.3x Amidst Beauty and Fashion Boom
4 Aug
Summary
- Net profit surged 3.3-fold to ₹79.76 crore in Q1 FY27.
- Revenue climbed 29% YoY to ₹2,782 crore, driven by strong growth.
- Quick commerce network expanded, reaching 13 cities in Q1 FY27.
FSN E-Commerce Ventures, the parent of beauty retailer Nykaa, reported a substantial net profit of ₹79.76 crore for the first quarter of FY27, marking a 3.3-fold increase from the previous year. Revenue from operations grew by 29% year-on-year, reaching ₹2,782 crore. This growth was propelled by strong performance in the beauty and fashion sectors, alongside the expansion of its quick commerce network.
Nykaa's beauty vertical experienced a 28% year-on-year rise in gross merchandise value (GMV), boosted by new brand launches like Rare Beauty and SK-II. The fashion segment also saw significant growth, with fashion GMV increasing by 53% year-on-year to ₹1,471 crore. The company's quick commerce service, Nykaa Now, has expanded to 13 cities and plans further reach by the end of FY27.
Furthering its strategy, Nykaa acquired a 51% stake in the premium skincare brand Aminu Wellness. Its business-to-business channel, Superstore by Nykaa, now serves nearly 523,000 retailers across more than 1,200 cities, with business orders growing 11% year-on-year.
