589
/ 3
Min Read
FSN E-Commerce Ventures, the parent company of beauty retailer Nykaa, delivered strong growth across both revenue and profitability in FY26, driven by sustained momentum in its beauty and fashion businesses. The company crossed the $1 billion revenue mark during the financial year, reflecting continued consumer demand and expansion across categories.
Consolidated revenue from operations for FY26 increased 26 per cent year-on-year to ₹10,022 crore, while gross merchandise value (GMV) rose 28 per cent to ₹19,963 crore. EBITDA for the year grew 59 per cent to ₹752 crore, with EBITDA margins improving to 7.5 per cent from 6 per cent in the previous year. Net profit climbed sharply by 183 per cent to ₹204 crore.
The company also reported its strongest quarterly growth in the past 12 quarters during the March period. Revenue for Q4 rose 28 per cent year-on-year to ₹2,648 crore, while quarterly EBITDA advanced 67 per cent to ₹223 crore. Profit after tax for the quarter increased more than four times to ₹79 crore.
Executive Chairperson, Founder and CEO Falguni Nayar said the company’s crossing of the $1 billion revenue milestone marked a defining moment in Nykaa’s 14-year journey and reflected strong consumer trust in the platform.
The beauty segment continued to be the primary growth driver for FSN E-Commerce Ventures, with beauty GMV rising 27 per cent year-on-year to ₹14,954 crore in FY26. During the year, the company expanded its global brand portfolio by onboarding over 200 international labels, including names such as Chanel Beauty, Armani Beauty and Kylie Cosmetics.
The retailer also stepped up its offline expansion, adding 76 new stores to reach a total of 313 outlets across 99 cities, while continuing investments in AI-driven personalisation tools such as virtual skin analysis and recommendation systems to enhance customer experience.
Its in-house brands platform, House of Nykaa, delivered strong traction with an annualised GMV run-rate of ₹3,176 crore, up 49 per cent year-on-year. Meanwhile, Superstore by Nykaa, the company’s B2B beauty distribution arm, recorded GMV of ₹1,187 crore, nearly four times its FY23 level.
On the fashion side, Nykaa Fashion reported a 30 per cent increase in GMV to ₹4,954 crore in FY26, supported by the addition of over 1,280 brands and strong growth across menswear, kidswear and home categories.
During the year, the company also completed the acquisition of clean beauty brand Earth Rhythm, following the purchase of the remaining 24 per cent stake. FSN E-Commerce Ventures noted that geopolitical tensions impacted its GCC operations, although the overall effect on business performance remained limited.
