Beauty and fashion major Nykaa has delivered a stellar performance in the third quarter of FY26, beating market expectations by a wide margin. The company reported a sharp jump in profit and revenue, reflecting strong consumer demand for online beauty products and effective execution of its growth strategy.
Nykaa, a leading name in India’s beauty and fashion space, has posted impressive results for the third quarter of FY26. Its parent company, FSN E-Commerce Ventures, reported financial numbers that came in well above market expectations.
The company’s profit increased by more than double on a year-on-year basis, bringing relief to shareholders and highlighting a clear shift in Indian consumer behaviour towards higher spending on online beauty and personal care products.
The December quarter results show a significant jump in profitability. Nykaa’s net profit stood at Rs 26 crore in the same quarter last year. This figure has now risen by 142% to Rs 63 crore.
The sharp increase indicates that the company’s long-term strategies are now delivering tangible results on the ground.
Nykaa also reported strong growth in revenue. Revenue from operations rose 27% to Rs 2,873 crore, compared with Rs 2,267 crore a year ago.
On a quarter-on-quarter basis, compared to the July–September quarter, net profit increased by 84%, while revenue grew by 22%, underscoring the company’s consistent upward momentum.
Nykaa’s beauty business played a key role in driving this performance, making the quarter the largest in the company’s history.
The gross merchandise value (GMV) of the beauty segment increased 27% to Rs 4,302 crore. Strong demand was recorded across e-commerce platforms, offline retail stores, and Nykaa’s in-house brands.
The company’s customer base also expanded rapidly. Around 52 million customers are now connected to the ‘One Nykaa’ platform. Of these, nearly 42 million customers belong to the beauty segment alone.
This represents a 30–31% year-on-year increase, indicating growing trust among new and repeat customers.
Commenting on the performance, Founder and CEO Falguni Nayar described the quarter as a record-breaking one.
She said that over its 13-year journey, Nykaa has evolved into a multi-platform lifestyle business. Today, the company addresses a beauty and fashion market valued at over $100 billion.
Nayar also emphasised that Nykaa’s focus goes beyond profitability and includes efficiency and technology-led growth. Brands such as Dot & Key reflect this approach. The skincare brand has become India’s largest direct-to-consumer skincare brand and recorded 111% growth.
According to the management, the strong performance is the result of long-term planning, and the company remains confident about maintaining this growth momentum in the future.