Nykaa Q2 Results: Profit triples to Rs 34 crore but misses analyst estimates

Nykaa Q2 Results: Beauty products retailer Nykaa on Friday reported a consolidated net profit of Rs 34.43 crore for the September quarter, a surge of 3.4 times over the corresponding period a year ago. The figure was slightly below analysts' expectations.

Nykaa's consolidated income rose 25 per cent on a year-on-year basis to Rs 2,346 crore from Rs 1,875 crore a year ago.

According to Zee Business research, Nykaa was estimated to register a second-quarter net profit of Rs 37 crore with Rs 2,345 crore in the top line.

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Nykaa Q2 Earnings: Operational performance

Nykaa's earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 53 per cent to Rs 2,346 crore, aided by robust growth in the beauty segment and a revival in the fashion unit.

The company's margin -- a key measure of profitability -- improved by 130 basis points to 6.8 per cent.

Management update

Separately, the company's board approved the reappointment of Falguni Nayar as Executive Chairperson, Managing Director and Chief Executive Officer for a five-year term, from February 12, 2026, to February 11, 2031.

The appointment is subject to shareholders’ approval, according to the company.

Gross merchandise volume (GMV)

The beauty vertical delivered a gross merchandise volume of Rs 3,551 crore in Q2 FY26, up 28 per cent and supported by e-commerce, physical retail, and owned brands under the House of Nykaa. GMV is a key sales metric that determines the total value of goods sold on a platform.

The cumulative beauty customer base stood at around 40 million, a 31 per cent rise over last year. The House of Nykaa platform—spanning beauty and fashion—reached an annualised GMV run rate of nearly Rs 2,900 crore, marking 54 per cent growth. In Q2, it recorded a GMV of over Rs 720 crore across 12 in-house brands, serving more than 16 million customers to date. The House of Nykaa Beauty portfolio alone delivered GMV of Rs 627 crore in the quarter, up 74 per cent year-on-year.

Superstore by Nykaa, the company’s B2B beauty distribution business, posted an annualised GMV run rate of over Rs 1,100 crore in Q2 FY26, a 25 per cent rise. The platform now reaches over 3.3 lakh retailers across 1,100 cities.

Management commentary

Nayar said the quarter reflected “accelerated growth momentum” across the company's businesses. “The Beauty business continues to deliver consistently, achieving over 25 per cent GMV growth for several consecutive quarters,” she said, citing growth in the luxury and Korean Beauty segments, 19 new stores, the expansion of rapid delivery model Nykaa Now, and sustained traction in owned brands. The fashion business grew 37 per cent, supported by the addition of brands such as GAP, Guess and H&M, she added.

Nykaa shares

Earlier in the day, the Nykaa stock closed at Rs 246 apiece on BSE, up 0.2 per cent.