Nykaa Reports Strong Growth in Q2 FY26

Nykaa has showcased impressive growth in Q2 FY26, with revenue from operations rising by 25% compared to the previous year and profits increasing 2.5 times during the quarter that ended in September 2025. As per financial statements obtained from the National Stock Exchange (NSE), Nykaa’s operational revenue reached Rs 2,346 crore in Q2 FY26, up from Rs 1,875 crore in Q2 FY25.

Financial Performance Overview

For the first half of FY26, Nykaa’s operating revenue saw a 24% increase, climbing to Rs 4,501 crore from Rs 3,621 crore in H1 FY25. The beauty sector was the primary driver, constituting 91% of total revenue at Rs 2,132 crore, while the fashion segment accounted for 8.7% of the operating income in Q2 FY25.

Cost Analysis

In terms of expenditures, the cost of materials formed 56% of Nykaa’s total costs, amounting to Rs 1,292 crore in Q2 FY26. Additional expenses related to employee benefits, finance, marketing, technology, and various overheads led to an overall cost of Rs 2,297 crore for the quarter.

Profit Growth

Through consistent scale expansion, Nykaa achieved a remarkable profit increase to Rs 33 crore in Q2 FY26, compared to Rs 13 crore in Q2 FY25. For the six months concluded in September 2025, the company’s profit effectively doubled to Rs 57 crore in H1 FY26, up from Rs 27 crore in H1 FY25.

Market Performance

At the end of today’s trading session, Nykaa’s stock was valued at Rs 246, resulting in a market capitalization of Rs 70,375 crore, equivalent to $8 billion.