The beauty and fashion platform combines strong financial performance with a strategic acquisition to strengthen its premium skincare portfolio.
Nykaa delivered a strong start to FY27, reporting a 29% year-on-year increase in operating revenue and a 3.3X jump in net profit, while also expanding its premium beauty portfolio through the acquisition of a majority stake in skincare brand Aminu Wellness.
According to the company’s financial results, operating revenue increased to ₹2,782 crore in Q1 FY27, compared with ₹2,155 crore in the corresponding quarter last year. The performance reflects continued momentum across Nykaa’s beauty and fashion businesses, supported by operational efficiencies and sustained consumer demand.
The beauty segment remained Nykaa’s primary growth engine, contributing ₹2,516 crore, or more than 90% of total operating revenue. The fashion business contributed ₹253 crore, accounting for approximately 9% of revenue during the quarter.
On the cost front, materials remained the company’s largest expense, accounting for 57% of total expenditure at ₹1,506 crore. Employee benefit expenses increased by more than 23% to ₹225 crore, while finance, marketing, technology, and other operating costs brought total expenditure to ₹2,662 crore.
Improved cost efficiencies alongside higher revenue enabled Nykaa to report a 3.3X increase in net profit to ₹80 crore, compared with ₹24 crore in Q1 FY26. On a sequential basis, profit remained largely stable compared with ₹79 crore reported in the previous quarter.
In addition to its financial performance, Nykaa announced the acquisition of a 51% stake in Aminu Wellness Private Limited for up to ₹32 crore in cash. Founded in 2019, Aminu Wellness develops and sells skincare products and recorded a turnover of ₹19.4 crore in FY26.
The acquisition is expected to strengthen Nykaa’s position in the premium beauty and personal care segment by adding Aminu’s research and development capabilities and omnichannel distribution network, supporting the company’s long-term strategy of expanding its premium product portfolio.
The latest quarter highlights Nykaa’s continued focus on balancing profitable growth with strategic investments. By combining strong financial performance with targeted acquisitions, the company is reinforcing its leadership in India’s beauty and personal care market while expanding capabilities across premium skincare.
At the close of Tuesday’s trading session, Nykaa’s shares were priced at ₹342.5, giving the company a market capitalisation of approximately ₹98,088 crore (around $10.3 billion).
Source: Based on reporting by Entrackr, with additional editorial adaptation and analysis.
