Financial Results Highlights (Q2 FY2027 vs Q2 FY2026)

  • Consolidated GMV: ₹6,151 Cr, up 30% YoY
  • Revenue from Operations: ₹3,006 Cr, up 28% YoY
  • Gross Profit: ₹1,382 Cr, up 31% YoY
  • EBITDA: ₹263 Cr, up 65% YoY
  • EBITDA Margin: 8.7% vs 6.8% in Q2 FY2026
  • Profit Before Tax (PBT): ₹149 Cr, up 168% YoY
  • Net Profit (PAT): ₹101 Cr, up 207% YoY

Business Segment Performance

Beauty Vertical:

  • GMV: ₹4,454 Cr
  • NSV growth: 28% YoY
  • EBITDA growth: 51% YoY
  • Retail footprint: 338 stores across 111 cities (+14 stores, +6 cities in Q2)
  • Total retail space: 3.4 lakh+ sq. ft., up 26% YoY
  • Formats: 253 MBOs, 69 House of Nykaa outlets, 16 exclusive brand experiential formats

House of Nykaa:

  • Annualized GMV run rate: ₹4,000 Cr+
  • Annualized NSV for Q2: ₹2,300 Cr+, up 36% YoY
  • Total customers served: 19 million+

Beauty EB2B - Superstore by Nykaa:

  • GMV: ₹328 Cr
  • Registered retailer base: 550k+, up 27% YoY
  • Business development executives count remained constant over past year

Fashion Vertical:

  • NSV: ₹509 Cr, up 47% YoY
  • EBITDA margin: 0.2% vs -3.5% in Q2 FY2026

Strategic Acquisition

  • Acquired 82% majority stake in Simply Nam Beauty Private Limited
  • Subject to regulatory approvals and closing conditions
  • Simply Nam is a professional makeup brand founded by celebrity makeup artist Namrata Soni and Bozzil (venture studio co-founded by Hanna Strömgren Khan)
  • Post-acquisition, Namrata Soni will continue as Co-Founder & Chief Product Officer
  • Hanna Strömgren Khan will lead transition as Co-Founder and Strategic Brand Custodian

Operational Highlights

Beauty Multi-brand Retail:

  • Launched 330+ brands in past year including Yves Rocher, Oribe, Mamonde, MEDIHEAL, &honey, Purito Seoul
  • Nykaaland festival: 4 editions, 100,000+ attendees, 50+ masterclasses, 1,500+ celebrities/creators/KOLs, 150+ brands
  • NYKAA NOW: Expanded to 15 cities, plans to reach 25+ cities by end FY2027
  • Offers 1,000+ marquee brands, 2X BPC SKU depth of quick commerce
  • AOV 3X that of BPC category on quick commerce, 15% higher FOP than Nykaa platform

House of Nykaa Innovations:

  • Dot & Key: Launched 8 new shades of Tinted Sunscreen, Dragon Fruit Jelly Bounce Moisturizer
  • Kay Beauty: Expanded into skincare, celebrated first anniversary in UK
  • Nykaa Cosmetics: Collaborated with Sara Tendulkar for lipstick launches
  • Award wins: Nykaa Cosmetics' Matte to Last Lipstick (Best Lipstick), Kay Beauty's Lash Maximizer Mascara (Best Mascara) at Grazia Indie Awards

Superstore Enhancements:

  • Launched 'Meri Dukan' personalized shopping experience for retailers
  • Strengthened portfolio with Recode, Lacto Calamine, Clay Co., BLA BLI BLU, Renee & Love Earth

Fashion Developments:

  • Launched Nykaa Fashion LUXE shop-in-shop for luxury brands
  • 250+ brand launches including exclusive introduction of COS

Strategic Partnerships

  • Strengthened partnership with L'Oréal through collaboration with BOLD (L'Oréal's corporate venture capital fund)
  • Joint investment in high-growth Indian beauty and personal care brands

Company Statistics (as of September 30, 2026)

  • Total customers served: 65 million+
  • Offline beauty destinations: 338 stores
  • Global expansion: Middle East omnichannel beauty offering 'Nysaa'

Management Commentary

Falguni Nayar, Executive Chairperson, Founder and CEO: \"Our performance this quarter reflects the strength of the Nykaa ecosystem, with each of our businesses contributing to growth and productivity gains. We continued to improve operational efficiency, particularly across marketing and overheads.\"

Adwaita Nayar, Co-founder & Executive Director of Nykaa and CEO of House of Nykaa: \"House of Nykaa is built on the belief that distinctive beauty brands, each with their own identity and consumer proposition, can collectively shape a more diverse and dynamic beauty landscape.\"