FSN E-Commerce Ventures Ltd
P&L
Quarterly Consolidated
vs Q3 FY26
Nykaa FY26 Revenue Crosses $1 Billion, PAT Up 183% YoY
21 May 2026 · 21 May, 4:51 pm
Summary
FSN E-Commerce Ventures Limited (Nykaa) delivered robust financial performance for the quarter and full fiscal year ended March 31, 2026. For FY2026, revenue from operations grew 26% YoY to ₹10,022 Cr, successfully crossing the USD 1 billion milestone, while net profit soared by 183% YoY to ₹204 Cr. EBITDA for the full year increased by 59% to ₹752 Cr, with margins expanding to 7.5%. The fourth quarter also showcased strong growth, with revenue up 28% YoY to ₹2,648 Cr and net profit jumping 313% YoY to ₹79 Cr, supported by significant EBITDA margin expansion. Falguni Nayar, Executive Chairperson, Founder and CEO, highlighted the $1 billion revenue milestone as a defining moment and expressed confidence in the long-term opportunities ahead, driven by a multi-engine growth platform.
Key Highlights
- 1
Revenue from Operations for FY2026 grew by 26% YoY to ₹10,022 Cr, successfully crossing the USD 1 billion revenue milestone.
- 2
Net Profit (PAT) for FY2026 surged by 183% YoY to ₹204 Cr, achieving the highest PAT margin ever.
- 3
EBITDA for FY2026 increased by 59% YoY to ₹752 Cr, with margins expanding to 7.5% from 6.0% in FY2025.
- 4
Consolidated GMV for FY2026 grew 28% to ₹19,963 Cr, maintaining consistent mid-20s growth over the last 14 quarters.
- 5
In Q4 FY2026, Revenue from Operations grew 28% YoY to ₹2,648 Cr, marking the highest quarterly growth in the last 12 quarters.
- 6
Q4 FY2026 Net Profit (PAT) was ₹79 Cr, reflecting a significant increase of 313% YoY.
- 7
Q4 FY2026 EBITDA grew 67% YoY to ₹223 Cr, with margins expanding to an all-time high of 8.4% from 6.5% in Q4 FY2025.
Management Comments
Falguni Nayar
Crossing the $1 billion revenue milestone along with track record for profitability and capital efficiency marks a defining moment in Nykaa’s 14-year journey and reflects the deep trust consumers place in us. Over the past three years, Nykaa has evolved into a multi-engine growth platform, with our Beauty & Fashion businesses doubling their GMV, while our newer businesses like Superstore and House of Nykaa have grown 4X during the same period. Today, we serve over 55 million consumers who are among the most engaged and premium customers in India. As we continue to build scalable and sustainable businesses across Beauty and Fashion, we are building Wellness as a future frontier and remain confident in the long-term opportunity ahead. Simultaneously, we are seeing AI emerge as a powerful enabler for consumer businesses, enabling us to serve our customers with greater personalization, efficiency, and scale.
Informational and educational content only. Not investment advice.