Nykaa posts robust growth in Q2 with FY26 revenue up 25%

Nykaa posted a robust performance for the quarter ended September 30, 2025, driven by strong demand in its beauty and fashion segments.

The company reported revenue from operations of Rs 2,345.98 crore, up 25.2% year-on-year from Rs 1,874.74 crore in the same quarter last year and higher by 8.9% quarter-on-quarter compared to Rs 2,154.94 crore in the June 2025 quarter. Total income rose to Rs 2,354.01 crore from Rs 1,880.19 crore a year earlier.

Total expenses increased to Rs 2,297.59 crore, as against Rs 1,858.93 crore in the corresponding quarter last year. Profit before tax rose sharply to Rs 55.38 crore, marking a 160% year-on-year jump from Rs 21.26 crore in Q2 FY25 and an increase of 26.6% from Rs 43.71 crore in the previous quarter.

Net profit for the quarter stood at Rs 32.98 crore, more than doubling from Rs 12.97 crore a year earlier, marking a growth of 154.3% year-on-year. The profit was up 35% sequentially from Rs 24.47 crore in Q1 FY26.

 For the half year ended September 30, 2025, Nykaa reported total income of Rs 4,518.28 crore, reflecting a 24.4% increase over Rs 3,633.63 crore in the first half of FY25. Net profit for the period surged to Rs 57.45 crore, compared to Rs 26.61 crore in H1 FY25, up 116% year-on-year.

Segmental performance

The beauty segment remained Nykaa’s largest revenue contributor, recording Rs 2,131.88 crore in Q2 FY26, up 25.2% year-on-year from Rs 1,702.89 crore and 7.9% quarter-on-quarter from Rs 1,975.37 crore. The fashion segment reported Rs 201 crore, a 21% rise from Rs 166.09 crore in Q2 FY25 and 17.7% growth over Rs 170.83 crore in Q1 FY26. The others segment contributed Rs 13.10 crore, up from Rs 8.74 crore a year ago and Rs 9.76 crore in the previous quarter.

For the half year ended September 30, 2025, beauty revenue stood at Rs 4,107.25 crore, up 24.6% year-on-year, while the fashion vertical grew to Rs 371.83 crore, an 18.2% increase over Rs 314.69 crore in H1 FY25.

Nykaa’s strong financial performance underscores its leadership in India’s online beauty and fashion retail space, driven by expanding product offerings, strategic marketing, and festive season demand.

 Speaking on this quarter's earnings, Falguni Nayar, Executive Chairperson, Founder and CEO Nykaa said, "Our performance this quarter reflects accelerated growth momentum across Nykaa, with each of our businesses contributing meaningfully to this trajectory. The Beauty business continues to deliver consistently, achieving over 25% GMV growth for several consecutive quarters. This quarter saw accelerated brand launches, particularly across Luxury and Korean Beauty, alongside the addition of 19 new stores, further strengthening our omnichannel presence. Through Nykaa Now, our rapid delivery model, we are able to deliver unparalleled convenience to consumers without compromising on assortment.”

She added, “Our House of Nykaa portfolio recorded an impressive 54% YoY GMV growth, driven by sustained momentum in our owned beauty brands, which continue to resonate deeply with consumers. The Fashion business delivered 37% YoY GMV growth, complemented by the introduction of globally trending brands this year such as GAP, Guess, and H&M, reinforcing our differentiated curation and growing appeal in premium fashion. Even our customer acquisition has accelerated, now with 49 million cumulative customer base across beauty & fashion. Strategically, this has been a pivotal quarter, one where our long-term growth pillars have translated into near-term acceleration, underscoring the strength and scalability of the Nykaa ecosystem."