The beauty and fashion platform recorded strong quarterly and half-yearly growth, driven primarily by its beauty segment, which contributed 90% of operating revenue.
FSN E-Commerce Ventures, which operates beauty and fashion platform Nykaa, reported a threefold increase in consolidated net profit to Rs 101 crore in Q2 FY27, compared with Rs 33 crore in the corresponding quarter last year. Revenue from operations grew 28% year-on-year to Rs 3,006 crore from Rs 2,346 crore.
The beauty segment remained the company’s primary revenue driver, contributing Rs 2,700 crore, or approximately 90% of operating revenue. Its fashion business generated Rs 287 crore, accounting for 10%, while other segments contributed Rs 19 crore during the quarter.
Nykaa’s total expenses increased 25% to Rs 2,867 crore in Q2 FY27 from Rs 2,298 crore in Q2 FY26. Cost of materials consumed remained the largest expense, rising 25.7% to Rs 1,624 crore and accounting for 56.64% of total expenditure.
Employee benefit expenses increased 20% to Rs 220 crore, while depreciation expenses rose 18% to Rs 93 crore. Finance costs declined 3% to Rs 30.52 crore. Other expenses, including marketing, technology and overheads, grew 26% to Rs 899 crore.
With revenue growth outpacing the increase in expenses, Nykaa delivered a significant improvement in profitability during the quarter.
The company also reported strong half-yearly performance. Revenue from operations increased 28.6% to Rs 5,788 crore in H1 FY27, compared with Rs 4,501 crore in H1 FY26. Net profit surged 214.8% to Rs 181 crore from Rs 57.5 crore during the same period.
Nykaa’s latest results highlight continued growth across its beauty and fashion businesses, with beauty retaining its dominant contribution to revenue. The company’s ability to sustain growth while managing expenses will remain important as it scales its operations.
At the close of the latest trading session, Nykaa shares were priced at Rs 355.10, giving the company a market capitalisation of Rs 1,01,410 crore.
Source: Based on publicly available reporting, with additional editorial adaptation and analysis.
