Nykaa Reports Strong Growth in Q1 FY26

Nykaa, a prominent online beauty and fashion platform, has demonstrated robust growth in Q1 FY26, with a 23% rise in revenue and an impressive nearly 80% increase in profit for the quarter ending June 2026.

Financial Highlights of Nykaa

As per the financial statements obtained from the National Stock Exchange (NSE), Nykaa’s revenue reached Rs 2,155 crore in Q1 FY26, up from Rs 1,746 crore in the corresponding period of the previous year, Q1 FY25.

Quarter-on-Quarter Revenue Growth

On a quarter-on-quarter basis, Nykaa’s revenue from operations saw a growth of 5%, increasing from Rs 2,061 crore in Q4 FY25 to Rs 2,155 crore in Q1 FY26. Notably, the beauty segment dominated the revenue streams, accounting for 92% of total revenue at Rs 1,975 crore, while the fashion segment made up 8% of the operating income in Q1 FY25.

Expenditure Overview

The cost of materials represented 56% of Nykaa’s total expenses, amounting to Rs 1,193 crore in Q1 FY26. Additional expenditures related to employee benefits, finance, marketing, technology, and general overheads raised the company’s total costs to Rs 2,120 crore during the quarter.

Profit Growth Metrics

Nykaa’s impressive growth scale enabled the company to achieve a nearly 80% increase in profit, reaching Rs 24.5 crore in Q1 FY26, compared to Rs 13.64 crore recorded in the previous fiscal year’s equivalent quarter.

Strategic Acquisitions and Investments

The Nykaa board has sanctioned the acquisition of the remaining 40% stake in Nudge Wellness for Rs 0.15 crore, thereby making it a wholly owned subsidiary. Furthermore, it has approved raising its stake in Earth Rhythm to 75.83% through additional share purchases.

Market Performance

At the end of today’s trading session, Nykaa’s stock was listed at Rs 205.7, resulting in a market capitalisation of approximately Rs 58,828 crore (around $6.7 billion).