Newsletter
Nykaa’s Q2 earnings beat street estimates, with net profit more than tripling as its beauty business became more profitable and fashion losses narrowed.
The key numbers:
Net profit: ₹101.2 crore vs ₹33 crore (YoY)
Revenue: up 28.1% at ₹3,006 cr vs ₹2,346 cr (YoY)
EBITDA: up 65.4% at ₹263 cr vs ₹159 cr (YoY)
EBITDA margin: at 8.7% vs 6.7% (YoY)
Revenue from Nykaa’s beauty segment rose 26.6% YoY to ₹2,699.7 crore, while profit before exceptional items increased to ₹180.2 crore from ₹105.4 crore.
The growth comes as Indian consumers spend more on beauty, with premium products emerging as a potential driver of the industry’s expansion.
Fashion catches up: fashion revenue grew 42.9% YoY to ₹287.2 crore, while its loss before exceptional items narrowed to ₹7.7 crore from ₹21.4 crore a year earlier.
Another brand in the bag: Nykaa’s board also approved the acquisition of an 82% stake in premium makeup brand Simply Nam Beauty for up to ₹33 crore in cash. The transaction is expected to close by December 31, 2026.
