Nykaa Q3 Results: Profits Soar 142% YoY to Rs 63 Crore; turnover increases 27%

Nykaa parent FSN E-Commerce Ventures on Thursday reported a 142% increase in consolidated net profit in the December quarter at Rs 63 crore, compared to Rs 26 crore in the same period a year ago. The profit after tax (PAT) of the company is attributable to the owners.Nykaa operator’s revenue from operations stood at Rs 2,873 crore in the third quarter of FY26, up 27% from Rs 2,267 crore in the corresponding period of the previous fiscal.

PAT rose 84% sequentially from Rs 34 crore in the second quarter of FY26, while revenue rose 22% quarter-on-quarter to Rs 2,873 crore, compared to Rs 2,346 crore in the July-September quarter.FSN E-Commerce’s consolidated gross merchandise value (GMV) grew 28% year-on-year (YoY) to Rs 5,795 crore in Q3 FY26, while gross profit rose 31% YoY to Rs 1,297 crore.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 63% year-on-year to Rs 230 crore in Q3 FY26, with EBITDA margins rising to 8% from 6.2% in Q3 FY25. Pre-tax profit rose to Rs 110 crore, up 146% year-on-year.

Third quarter business highlights
Beauty company
Nykaa’s beauty vertical posted strong growth in the third quarter, marking its largest quarter yet, with GMV rising 27% year-on-year to Rs 4,302 crore, supported by continued momentum in e-commerce, physical retail and private label under the House of Nykaa.

Cumulative beauty customer base stood at approximately 42 million in Q3 FY26, reflecting a 30% increase year-on-year, while One Nykaa’s total customer base reached 52 million (up 31% year-on-year), underscoring strong customer acquisition and engagement across platforms.House of Nykaa (beauty and fashion)
The GMV for beauty and fashion this quarter stood at Rs 872 crore, achieving an annualized GMV run rate of Rs 3,500 crore, registering a 48% YoY growth. As of Q3 FY26, the platform has served more than 16 million customers.

Dot & Key remains India’s largest direct-to-consumer skincare brand, with an annualized GMV run rate of Rs 1,900 crore, registering 111% YoY growth.

Management speaks
Speaking on this quarter’s earnings, Executive Chairman, Founder and CEO Falguni Nayar said the third quarter was a record quarter for Nykaa, with the highest ever GMV and EBITDA margin, while supporting the company’s long-term growth trajectory.

“Over a 13-year journey, Nykaa has grown into a multi-platform lifestyle company that addresses a beauty and fashion opportunity of over $100 billion and serves over 52 million customers across One Nykaa. These achievements reflect the steady execution of our strategic priorities, as we continue to invest in range expansion, offline growth and technology-led discovery, along with a disciplined focus on efficiency. These fundamentals position us well for long-term sustainable growth,” said Nayar.