Nykaa Q1 FY27 profit rises 3.3x to ₹80 crore; buys 51% of Aminu

Nykaa reported Q1 FY27 operating revenue of ₹2,782 crore, up 29% year-on-year, with profit reaching ₹80 crore. The beauty retailer also approved the acquisition of a 51% stake in premium skincare brand Aminu Wellness for up to ₹32 crore in cash.

— Source publishedTue, 4 Aug, 2026, 16:51 IST·First seen Tue, 4 Aug, 2026, 16:52 IST·Source Entrackr · Newsletter

What happened

Nykaa reported 29% YoY Q1 FY27 revenue growth to Rs 2,782 crore and a 3.3x profit rise to Rs 80 crore. It also approved buying 51% of skincare brand Aminu for

Key facts

  • Q1 FY27 operating revenue: Rs 2,782 crore, up 29% YoY from Rs 2,155 crore
  • Q1 FY27 profit: Rs 80 crore, up 3.3x from Rs 24 crore; versus Rs 79 crore in previous quarter
  • Beauty revenue: Rs 2,516 crore, over 90% of operating revenue
  • Fashion revenue: Rs 253 crore, around 9% of operating revenue
  • Cost of materials: Rs 1,506 crore, 57% of total expenditure
  • Employee benefit expense: Rs 225 crore, up over 23%
  • Total expenditure: Rs 2,662 crore
  • Acquisition: 51% of Aminu Wellness for up to Rs 32 crore in cash
  • Aminu FY26 turnover: Rs 19.4 crore
  • Nykaa share price: Rs 342.5
  • Market capitalization: Rs 98,088 crore (around $10.3 billion)

Why this matters

The ₹32 crore acquisition of a 51% Aminu stake reflects a targeted, capital-light strategy to secure control in premium skincare while retaining room for founder-led brand continuity.

What to watch

  • Beauty versus fashion growth split and consolidated GMV growth in the next quarter.
  • EBITDA margin, advertising-to-revenue ratio and fulfillment-cost trend.
  • Aminu revenue run rate, distribution expansion and repeat-purchase indicators.
  • Share of owned, exclusive and premium brands in beauty sales.
  • Competitive beauty delivery initiatives from quick-commerce platforms and marketplaces.
  • Any acceleration in offline store additions or capex guidance.
  • Expand Aminu distribution across Nykaa online, Nykaa Luxe and selective physical stores.
  • Use Nykaa's creator, sampling and customer-data engine to build Aminu into a premium active-skincare franchise.
  • Prioritize exclusive launches, owned-brand mix and higher-value beauty categories to defend gross margins.
  • Continue selective store and fulfilment expansion while emphasizing EBITDA and profit conversion.
  • Increase beauty-category defensibility against marketplace, brand-direct and rapid-delivery rivals through faster delivery and loyalty benefits.

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