The company’s revenue from operations increased 25.1% year-on-year (YoY) to ₹2,346 crore as compared to ₹1,875 crore in Q2 FY25.
On the operational level, Nykaa’s earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at ₹158 crore, marking a jump of 52% from ₹104 crore in the corresponding quarter of the previous fiscal year.
The company’s EBITDA margin also expanded to 6.7% in contrast to 5.5% YoY.
“Nykaa delivered a strong Q2 FY2026 performance, accelerating growth momentum from the previous quarter,” the company said in a statement.
Nykaa’s consolidated GMV rose 30% year-on-year to ₹4,744 crore, while revenue from operations also grew, driven by strong performance in the beauty segment and a recovery in the fashion business.
Profit after tax (PAT) surged 154% year-on-year to ₹33 crore, underscoring Nykaa’s continued focus on driving profitable and sustainable growth.
Commenting on the earnings, Falguni Nayar, Executive Chairperson, Founder and CEO of Nykaa, said, “Our performance this quarter reflects accelerated growth momentum across Nykaa, with each of our businesses contributing meaningfully to this trajectory. The beauty business continues to deliver consistently, achieving over 25% GMV growth for several consecutive quarters. This quarter saw accelerated brand launches, particularly across luxury and Korean beauty, alongside the addition of 19 new stores, further strengthening our omnichannel presence.”
“Strategically, this has been a pivotal quarter, one where our long-term growth pillars have translated into near-term acceleration, underscoring the strength and scalability of the Nykaa ecosystem,” Nayar added.
Nykaa’s Beauty vertical delivered a strong performance in Q2 FY2026, with GMV rising 28% year-on-year to ₹3,551 crore, supported by steady momentum across e-commerce, physical retail, and its owned brands under the House of Nykaa.
The company stated that the beauty business remains focused on deepening market penetration and premiumisation, while capitalising on a multi-decade growth opportunity through accelerated customer acquisition and retention.
The cumulative Beauty customer base stood at approximately 40 million as of Q2 FY26, reflecting a 31% YoY increase.
As India’s largest specialised beauty retail network, Nykaa expanded to 265 beauty stores (+19 stores added in Q2 FY26) across 90 cities (8 new cities added) in the reporting quarter.
Nayar said that through Nykaa Now, the company’s rapid delivery model, it has been able to offer consumers exceptional convenience without compromising on product variety. She noted that the House of Nykaa portfolio recorded an impressive 54% year-on-year GMV growth, driven by continued momentum in its owned beauty brands, which continue to resonate strongly with customers.
She further added that the fashion business registered a 37% year-on-year increase in GMV, supported by the addition of globally trending brands such as GAP, Guess, and H&M during the year. According to Nayar, these additions have strengthened Nykaa’s differentiated product curation and enhanced its appeal in the premium fashion segment.
On Friday, Nykaa shares settled at ₹246 apiece on NSE, falling 0.06%.
