Beauty retailer Nykaa's revenue rises 27% to Rs 2,873 crore in Q3 FY26, net profit jumps 156%

Beauty retailer Nykaa reported its financial results for the third quarter of FY26, showing higher gross merchandise value and improved profitability compared with the same period last year.

The company operates in the online beauty and fashion retail segments. During Q3 FY26, Nykaa recorded a consolidated gross merchandise value of Rs 5,795 crore, reflecting a year on year increase of 28%. Revenue from operations increased by 27% to Rs 2,873 crore.

The growth was driven mainly by the beauty business, while the fashion business also continued to grow on a smaller base. The company reported mid-20s net sales value growth across its business verticals.

Profitability improved during the quarter. EBITDA increased by 63% year on year to Rs 230 crore. EBITDA margin expanded to 8.0% compared with 6.2% in the corresponding quarter last year.

Profit before tax rose to Rs 110 crore, marking a 146% increase from the previous year. Net profit for the quarter stood at Rs 68 crore, compared with Rs 27 crore in Q3 FY25, representing a 156% year on year increase. After adjusting for a one time impact related to the implementation of the new labour code, profit after tax was Rs 78 crore. This adjusted profit represented 2.7% of net revenue for the quarter.

On a sequential basis, net profit more than doubled compared with Rs 33 crore reported in Q2 FY26.

For the nine months ended December 2025, Nykaa reported operating revenue of Rs 7,374 crore, an increase of 25% from Rs 5,888 crore in the same period last year. The beauty segment continued to contribute the majority of the company’s revenue.

During the quarter, the beauty business generated revenue of Rs 2,622 crore, accounting for approximately 91% of total quarterly revenue. The fashion segment contributed the remaining share of revenue and continued to expand from a lower base.

Total expenses for the quarter amounted to Rs 2,753 crore. This included costs related to purchase of traded goods, changes in inventory, employee benefits, marketing, technology, logistics, and other operating expenses. The combined cost related to traded goods and inventory represented a significant portion of total expenditure for the quarter.

Commenting on the results, Falguni Nayar, executive chairperson, founder and CEO of Nykaa, said that the quarter marked a record performance in terms of gross merchandise value and margins. She stated that over its 13 year journey, Nykaa has developed into a multi-platform lifestyle business addressing a beauty and fashion opportunity estimated at over $100 billion.

She also noted that the company serves more than 52 million customers across its platforms. According to her, ongoing investments in product assortment, offline retail expansion, and technology driven discovery, along with a focus on operational efficiency, have strengthened the company’s growth foundation.