Nykaa Q1FY27 profit jumps 226% as beauty, fashion and own brands accelerate

Nykaa reported Q1FY27 net profit of ₹80 crore, up 226% year-on-year, on 29% revenue growth to ₹2,782 crore. Beauty GMV rose 28%, fashion GMV/NSV gained 53% and EBITDA margin expanded to 8.5%, even as shares fell after reaching a 52-week high.

— Source publishedWed, 5 Aug, 2026, 10:35 IST·First seen Wed, 5 Aug, 2026, 10:40 IST·Source The Hindu BusinessLine

What happened

Nykaa posted strong Q1FY27 results, with profit up 226% to ₹80 crore and revenue up 29% to ₹2,782 crore. Beauty, fashion and own brands accelerated, margins

Key facts

  • Net profit rose 226% year-on-year to ₹80 crore in Q1FY27
  • Revenue from operations rose 29% year-on-year to ₹2,782 crore
  • Stock fell 4% after touching a 52-week high of ₹348; traded at ₹329.25
  • Beauty and personal care GMV rose 28%
  • Fashion GMV/NSV rose 53% year-on-year
  • EBITDA margin expanded to 8.5%, up about 195-196 basis points year-on-year
  • Own brands grew 40%
  • Nomura target price: ₹411
  • Jefferies target price: ₹400
  • HSBC target price: ₹380
  • CLSA target price: ₹376

Why this matters

Nykaa’s accelerating fashion business and profitable beauty platform make own-brand acquisitions, category partnerships and ecosystem deals increasingly attractive routes to extend growth and margin expansion.

What to watch

  • Beauty GMV growth and whether it remains near or above the reported 28% pace.
  • Fashion GMV/NSV growth versus fashion contribution margin, return rates and discount intensity.
  • EBITDA margin durability above 8.5%, especially during festive-season marketing periods.
  • Share of own brands, exclusives and advertising revenue in beauty gross margin expansion.
  • Customer acquisition cost, repeat purchase rates and loyalty-program engagement.
  • Inventory turns, fulfillment costs and working-capital movement as fashion scales.
  • Management guidance following the share-price pullback from its 52-week high.
  • Increase investment behind high-repeat beauty categories, loyalty and personalized cross-sell into fashion.
  • Scale own brands and exclusive launches to lift gross margin and reduce dependence on third-party brand economics.
  • Use stronger cash generation to expand fulfillment capacity and selectively add offline experiential stores.
  • Tighten fashion assortment, returns controls and seller quality to protect contribution margin as the category scales.
  • Emphasize EBITDA-to-cash-flow conversion and segment-level profitability in investor communication.