Nykaa Q1 Results: FSN E-Commerce Sees 26% GMV Growth, 45 Million Customers as Q1 Profits Surge 79%

FSN E-Commerce, the parent company of the well-known beauty and lifestyle brand Nykaa, reported impressive financial and operational results for the first quarter of the fiscal year 2025-26 (Q1 FY26). The company posted a consolidated net profit of Rs 24 crore, reflecting a significant 79% increase compared to Rs 14 crore in the same quarter last year.

Nykaa Q1 Results 2026: FSN E-Commerce Reports 79% Rise in Net Profits; Revenue Grows 23%

Revenue from operations demonstrated solid growth, rising 23% year-on-year to Rs 2,155 crore in Q1 FY26, up from Rs 1,746 crore in Q1 FY25. This rise is attributed to Nykaa's expanding market footprint and increasing consumer engagement, driven by its diverse product offerings and improved customer experience both online and offline.

Nykaa EBITDA: On the profitability front, Nykaa reported that its overall GMV for Q1 FY26 reached Rs 4,182 crore, marking a 26% increase year-on-year. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) grew by 46% compared to the previous year, and the EBITDA margin expanded to 6.5% from 5.5% in Q1 FY25.

Nykaa Beauty Segment Drives 26% GMV Growth

One of the key growth drivers was Nykaa's Beauty segment, which recorded a 26% increase in Gross Merchandise Value (GMV) to Rs 3,208 crore. This segment's growth was fueled by strong performances across various channels including e-commerce sales, retail stores, business-to-business (eB2B) distribution, and the 'House of Nykaa' portfolio.

The company's deliberate focus on deepening market penetration, acquiring new customers, and enhancing premium product offerings helped boost the average order value (AOV), contributing positively to overall revenue.

Nykaa's Offline Retail Network at 250 Stores in 82 Cities

The company also made notable strides in its physical retail presence. Nykaa's offline retail network expanded to include 250 beauty stores across 82 cities as of July 2025. The total retail space increased by 36% year-on-year to more than 250,000 square feet, reflecting aggressive growth in the company's brick-and-mortar footprint.

Nykaa's Cumulative Customer Base Surpasses 45 Million

The company's cumulative customer base has now surpassed 45 million, signaling strong brand loyalty and widespread adoption across demographics. The House of Nykaa GMV includes contributions not only from the company's own platform but also from third-party online marketplaces and offline retail channels, highlighting the broad reach of Nykaa's ecosystem.

FSN E-Commerce's Founder, Executive Chairperson and CEO, Falguni Nayar, highlighted the company's consistent growth trajectory since its IPO. She noted, "Since our IPO, we have consistently delivered mid‑20s growth at a consolidated level. Our cumulative customer base now stands at 45 million, reflecting the growing trust and adoption of our platform. The House of Nykaa Beauty business also continues to scale rapidly, driven by successful new launches and strong consumer demand."