Nykaa reports 206% profit growth in Q2
Indian retailer Nykaa posted a net profit of $10.7 million for the second quarter of fiscal 2027. Growth was supported by a 28% rise in revenue and expansion of its quick-commerce operations.
Nykaa, an Indian beauty and fashion retailer, has reported a net profit of 1 billion rupees ($10.7 million) for the second quarter of fiscal year 2027, marking a 206% increase compared to the same period last year. Operating revenue rose by 28% to 30.1 billion rupees ($318 million).
While the beauty segment remains the company's primary revenue driver, the fashion business saw a 42.9% increase in sales. The company has also focused on supply chain logistics, expanding its quick-delivery service, Nykaa Now, to 15 cities with plans for further geographic growth.
In addition to operational updates, Nykaa announced the acquisition of an 82% stake in the cosmetics brand Simply Nam. Founded by makeup artist Namrata Soni, the brand is expected to bolster Nykaa’s premium makeup portfolio.