Nykaa Q1 profit jumps 226% as quick delivery scales without margin drag

Nykaa reported Q1 net profit of ₹80 crore, up 226% year-on-year, as revenue rose 29% to ₹2,782 crore and EBITDA margin expanded to 8.5%. Nykaa Now has grown to 13 cities and is targeting 25 by FY27-end, while the company will acquire a 51% stake in Aminu Wellness.

— Source publishedTue, 4 Aug, 2026, 20:59 IST·First seen Tue, 4 Aug, 2026, 21:02 IST·Source Mint · Companies

What happened

Nykaa reported sharply higher June-quarter profit and said Nykaa Now’s higher order frequency and stable basket sizes offset quick-delivery costs. It plans to

Key facts

  • Consolidated net profit rose 226% YoY to ₹80 crore in the June quarter
  • Revenue from operations rose 29% YoY to ₹2,782 crore
  • GMV grew 34% YoY to ₹5,590 crore
  • EBITDA rose 68% to ₹236 crore; margin expanded to 8.5% from 6.5%
  • Nykaa Now operates in 13 cities, up from 3 a year earlier
  • Nykaa Now offers more than 1,000 brands
  • Nykaa has 324 stores across 105 cities after opening 11 stores in the quarter
  • Beauty NSV grew 29% to ₹2,371 crore; fashion NSV grew 54% to ₹451 crore
  • Fashion EBITDA turned positive at ₹40 lakh versus ₹18 crore loss
  • Consumer base grew 33% YoY to 60 million
  • More than 160 brands added, taking portfolio above 10,000 brands
  • Nykaa will acquire 51% of Aminu Wellness for up to ₹32 crore
  • Aminu FY26 revenue was ₹19.4 crore
  • House of Nykaa has 13 consumer brands

Why this matters

Nykaa’s planned 51% acquisition of Aminu Wellness adds a control-positioned beauty-wellness asset that could strengthen its premium brand portfolio while Nykaa Now broadens customer access.

What to watch

  • Nykaa Now city count, order frequency, average order value and delivery-time disclosures.
  • Quarterly EBITDA margin and fulfillment-cost trends as rapid delivery expands beyond major metros.
  • Growth in beauty GMV versus fashion GMV, since beauty is likely to fund consolidated profitability.
  • Aminu Wellness acquisition terms, product integration, distribution rollout and premium-skincare revenue contribution.
  • Evidence of aggressive beauty assortment expansion or discounting by Blinkit, Zepto, Swiggy Instamart, Amazon and Myntra.
  • Brand advertising revenue, private-label mix and repeat-customer metrics.
  • Accelerate Nykaa Now city launches using a mix of owned inventory, store-enabled fulfillment and third-party delivery partners.
  • Use Aminu Wellness to build a premium, science-led skincare portfolio with stronger gross margins and exclusivity.
  • Increase brand advertising, launch partnerships and data-led merchandising as traffic and repeat order frequency rise.
  • Push beauty cross-sell from quick-delivery orders into higher-ticket skincare, haircare, fragrance and Nykaa-owned brands.
  • Maintain selective discounting to demonstrate that fast delivery can scale without eroding EBITDA margin.