Nykaa third quarter results outlook: PAT could rise to 192% YoY led by BPC momentum; turnover increases to 28%

FSN E-Commerce, owner of Beauty & Personal Care (BPC) brand Nykaa, is expected to report a strong set of numbers in the quarter ended December, led by robust festive demand and continued momentum in the BPC segment. Broker estimates indicate that the company could grow its net profit by as much as 192% in Q3FY26, ranging from Rs 60 crore to Rs 78 crore. Revenue growth is pegged at 26%-28%, estimates have revealed, predicting revenue in the range of Rs 2,859 crore to Rs 2,902 crore.Estimates from ElaraCapital, Nuvama Institutional Equities and JM Financial were taken into account. Margins could take a hit in the October-December quarter.

The company will announce its earnings on Thursday, February 5.Here’s what estimates say about these four key parameters:

1) PAT

— Elara Capital: Rs 60 crore, up 128% YoY and 88% QoQ
— Nuvama: Rs Rs 64 crore, up 139% YoY and 89% QoQ
— JM Financial: Rs 78 crore, up 192% YoY and 117% QoQ

2) Income
— Elara Capital: Rs 2,869 crore, up 27% YoY and 22% QoQ
— Nuvama Institutional Equities: Rs 2,902 crore, up 28% YoY and 24% QoQ
— JM Financial: Rs 2,859 crore, up 26% YoY and 22% QoQ

3) BitDa
— Elara Capital: Rs 202 crore, up 43% YoY and 27% QoQ
— Nuvama Institutional Equities: Rs 209 crore, up 48% YoY and 31% QoQ
— JM Financial: Rs 215 crore, up 52% ​​YoY and 35% QoQ

4) EBITDA margin

Nuvama has pegged earnings before interest, taxes, depreciation and amortization (EBITDA) at 7.2% in Q3FY26, down 100 basis points YoY and down 40 basis points QoQ. Meanwhile, JM Financial sees margin growth of 130 basis points year-over-year, indicating continued operating leverage.

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