By BullScreen Editorial Team 
FSN E-Commerce Ventures Limited, the parent company of Nykaa, reported strong Q4 results 2026 with sharp growth in revenue and profitability, driven by steady demand across its beauty, fashion, and owned brands businesses.
The company posted consolidated revenue of ₹2,648 crore in the March quarter, up 28% year-on-year from ₹2,062 crore in the same period last year. Net profit surged 313% to ₹79 crore compared to ₹19 crore a year earlier, while EBITDA rose 67% to ₹223 crore.
Gross merchandise value (GMV) for the quarter increased 28% to ₹5,241 crore, supported by strong momentum in Nykaa’s beauty segment and improving performance in fashion. EBITDA margin expanded to 8.4% from 6.5% last year, while PAT margin improved to 3%.
For the full financial year, Nykaa crossed the ₹10,000 crore revenue mark for the first time. FY26 revenue stood at ₹10,022 crore, up 26% year-on-year, while annual net profit jumped 183% to ₹204 crore. EBITDA for the year climbed 59% to ₹752 crore.
The beauty business remained the company’s largest growth driver, with FY26 GMV rising 27% to ₹14,954 crore. Fashion business also showed strong recovery, reporting 30% GMV growth and achieving positive EBITDA margin in Q4 results 2026.
Nykaa continued expanding its omnichannel presence during the year, adding 76 new stores to take its retail network to 313 stores across 99 cities. The company also strengthened its owned brands portfolio, with Dot & Key, Kay Beauty, and Nykaa Cosmetics reporting strong growth.
Investors are closely watching Nykaa’s improving profitability metrics, rising cash flow generation, and declining debt levels as the company focuses on scaling its premium beauty and fashion ecosystem in India’s fast-growing online retail market.
| Metric | Q4FY26 | Q4FY25 | YoY Change |
|---|---|---|---|
| Revenue | ₹2,648 Cr | ₹2,062 Cr | ▲ 28% |
| Gross Profit | ₹1,203 Cr | ₹909 Cr | ▲ 32% |
| EBITDA | ₹223 Cr | ₹133 Cr | ▲ 67% |
| Net Profit (PAT) | ₹79 Cr | ₹19 Cr | ▲ 313% |
| GMV | ₹5,241 Cr | ₹4,102 Cr | ▲ 28% |
| EBITDA Margin | 8.4% | 6.5% | ▲ 195 bps |
| PAT Margin | 3.0% | 0.9% | ▲ 205 bps |
| Metric | FY26 | FY25 | YoY Change |
|---|---|---|---|
| Revenue | ₹10,022 Cr | ₹7,950 Cr | ▲ 26% |
| EBITDA | ₹752 Cr | ₹474 Cr | ▲ 59% |
| Net Profit (PAT) | ₹204 Cr | ₹72 Cr | ▲ 183% |
| Beauty GMV | ₹14,954 Cr | ₹11,775 Cr | ▲ 27% |
| Fashion GMV | ₹4,954 Cr | ₹3,804 Cr | ▲ 30% |
| Total Stores | 313 | 237 | +76 Stores |
| ROCE | 21.2% | 11.3% | Strong Improvement |
| Net Debt | ₹329 Cr | ₹623 Cr | ▼ 47% |
Source: https://www.bseindia.com/xml-data/corpfiling/AttachHis/5660d460-b01c-4498-9198-11722215c5cb.pdf