Nykaa Q4FY26 results: profit ₹78 cr, revenue +28%

What Nykaa reported for the March quarter

FSN E-Commerce Ventures Limited, the parent company of Nykaa, reported a sharp jump in profitability for the quarter ended March 31, 2026 (Q4FY26). The company’s consolidated net profit rose to about ₹78 crore, versus roughly ₹20 crore a year earlier. The performance was attributed to strong demand for skincare and makeup, which supported growth in the core beauty business.

On the topline, revenue from operations increased 28.4% year-on-year to ₹2,648.17 crore. Total income for the quarter was ₹2,657.32 crore, compared with ₹2,070.71 crore in the year-ago period. The results add to a quarter where the company also reported margin expansion and higher operating profit.

Net profit: multiple figures, same direction

Across the provided disclosures and reports, the profit number is reported in a narrow range around ₹78 crore. One set of results puts profit at ₹78.38 crore for Q4FY26 versus ₹20.28 crore in Q4FY25, described as a 286% year-on-year rise. Another report states PAT at ₹78.75 crore in Q4FY26 versus ₹19.05 crore in Q4FY25, described as a 313% year-on-year surge.

Separately, an international-format report cites profit of 783.8 million rupees (₹78.38 crore) for the March quarter compared with 202.8 million rupees (₹20.28 crore) a year ago. While the year-ago base differs marginally across sources, the outcome is consistent: quarterly profit increased roughly fourfold.

Revenue growth led by the beauty segment

Nykaa’s largest segment, beauty, reported revenue of ₹2,410 crore in Q4FY26, up 27.2% year-on-year. Reports linked this to strong demand for skincare, makeup and personal care products. Beauty remains the company’s key driver and the largest contributor to consolidated revenue.

The company’s fashion vertical also grew faster in percentage terms in this quarter. Fashion sales rose 40% year-on-year to ₹225 crore. The fashion assortment cited includes apparel and accessories from brands such as Victoria’s Secret and Titan’s Mia.

Operating profitability improved in Q4FY26

The quarter also showed a step-up in operating profit. EBITDA was reported at approximately ₹222 crore in Q4FY26 versus ₹133 crore in Q4FY25, a 66.9% year-on-year improvement. EBITDA margin expanded by 193 basis points to 8.40% from 6.47%.

Profit before exceptional items and tax was ₹121.52 crore, up from ₹39.55 crore in Q4FY25, described as a 207% improvement. The company also reported there were no exceptional items in Q4FY26, helping readers compare operating performance more directly.

GMV growth and scale indicators

A key operating metric cited for the March quarter is gross merchandise value (GMV). Nykaa’s GMV for Q4FY26 was reported at ₹5,241 crore, up 28% year-on-year. GMV growth, alongside revenue growth, signals continued scale-up in the quarter.

In a separate historical reference for Q4FY25, the company reported GMV of ₹4,102 crore (+27% YoY) and net revenue of ₹2,062 crore (+24%). That comparison underlines that growth momentum has continued into Q4FY26, with revenue rising to ₹2,648.17 crore.

Full-year milestone: revenue crosses ₹10,000 crore

Beyond quarterly results, a report stated that full-year sales crossed the ₹10,000 crore mark for the first time. Operating revenue for the year was reported at ₹10,022 crore, up 26%.

This milestone matters because it places Nykaa among Indian consumer internet platforms that have achieved a five-figure crore revenue base, while still reporting expanding quarterly profitability.

How Q4FY26 compares with Q4FY25

The year-on-year comparison shows the combined effect of higher scale and improved margins. Revenue from operations increased from ₹2,061.76 crore in Q4FY25 to ₹2,648.17 crore in Q4FY26. PAT rose from about ₹19–₹20 crore in Q4FY25 to about ₹78 crore in Q4FY26.

EBITDA rose from ₹133 crore in Q4FY25 to about ₹222 crore in Q4FY26, while EBITDA margin moved from 6.47% to 8.40%. The widening margin suggests that profitability improved faster than revenue in the quarter.

Key numbers snapshot (Q4FY26)

Market impact: what the numbers imply

For investors tracking listed consumer internet names, the key takeaway from Q4FY26 is that Nykaa combined strong year-on-year revenue growth (+28.4%) with a sizeable improvement in operating profitability (EBITDA margin up to 8.40%). The rise in profit before tax (₹121.52 crore) and the note that there were no exceptional items in the quarter also helps frame the profit jump in operating terms.

At a segment level, beauty revenue growth to ₹2,410 crore underscores continued strength in Nykaa’s core business, while the 40% rise in fashion revenue to ₹225 crore indicates faster growth off a smaller base. The reported GMV of ₹5,241 crore provides an additional lens on transaction scale in the quarter.

Analysis: why Q4FY26 stands out

Q4 is typically an important quarter for consumer platforms due to seasonal demand and promotional intensity, making margin trends closely watched. In Q4FY26, Nykaa’s EBITDA increased to about ₹222 crore and the EBITDA margin expanded by 193 basis points to 8.40%. This improvement, alongside a near-fourfold jump in profit, positions Q4FY26 as the company’s best Q4 profitability in its listed history, as stated in one report.

The full-year operating revenue crossing ₹10,000 crore (₹10,022 crore) adds another datapoint for scale. Combined with quarter-level GMV growth (+28% YoY), the results suggest that growth and profitability moved in the same direction during the period covered.

Conclusion

Nykaa’s Q4FY26 results showed PAT around ₹78 crore on revenue from operations of ₹2,648.17 crore, led by higher beauty sales and faster growth in fashion. The quarter also reported EBITDA of about ₹222 crore and an EBITDA margin of 8.40%, with no exceptional items. Next, investors are likely to track whether the company sustains the margin expansion highlighted in Q4FY26 as it builds on the full-year revenue milestone of ₹10,022 crore.