Nykaa's 14th AGM: FY26 NSV ₹10,000 Cr, GMV ₹20,000 Cr
FSN E-Commerce Ventures Ltd (Nykaa) held its 14th Annual General Meeting on August 25, 2026. Chairperson Falguni Nayar highlighted Nykaa's position as India's leading beauty and lifestyle destination, comprising its beauty retail, fashion, B2B distribution, and consumer brands businesses. The company achieved a milestone of ₹10,000 crores in Net Sales Value (NSV) and ₹20,000 crores in Gross Merchandise Value (GMV) in FY26. Nayar emphasized India's strong economic growth, with discretionary consumption rising significantly, benefiting categories like beauty and fashion. Nykaa is well-positioned to capitalize on trends like premiumization, digital adoption, and discovery-led commerce, with projections indicating substantial growth in the Indian beauty and fashion markets. The company has seen strong scaling across its business segments (Beauty 4x, Fashion 7x, House of Nykaa 8x, Superstore 4x) over the last five years, accompanied by improved profitability, with EBITDA growing 5x to ₹752 crore in FY26.
Key Highlights
- Achieved ₹10,000 Cr NSV and ₹20,000 Cr GMV in FY26.
- India's beauty and fashion markets projected for strong double-digit growth.
- Nykaa positioned to benefit from premiumization and digital adoption trends.
- EBITDA grew 5x to ₹752 Cr in FY26, indicating scaling operating leverage.
- Significant investments in customer acquisition, retail, and technology.
Price Impact
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