Nykaa Reports Over 3X Profit Surge in First Quarter
Indian beauty and personal care e-commerce company Nykaa announced its consolidated net profit more than tripled year-over-year to ₹79.8 Cr in Q1 FY27. Revenue increased by 29% YoY.
Indian beauty and personal care e-commerce platform Nykaa reported a more than threefold increase in its consolidated net profit for the first quarter of fiscal year 2027, reaching ₹79.8 Cr from ₹24.8 Cr in the same period last year. The company's operating revenue grew 29% year-over-year to ₹2,782 Cr.
The beauty segment continued to be the main growth driver, with revenue rising 27% year-over-year to ₹2,516.3 Cr. Revenue from the fashion business saw a significant jump of 48% to ₹252.6 Cr. Gross Merchandise Value (GMV) across the platform increased by 34% year-over-year to ₹5,590 Cr.
Nykaa is expanding its quick commerce vertical, Nykaa Now, to 13 cities and aims to reach over 25 cities by the end of FY27. The company also opened 11 new physical stores, bringing its total to 324, and expanded its premium beauty offerings with new brand additions.
Additionally, Nykaa announced the acquisition of a 51% stake in D2C skincare brand Aminu Wellness for ₹32 Cr. The company's GCC business, Nysaa, continues to face challenges due to regional geopolitical tensions.