Nykaa Q4 net profit triples to ₹78 cr; stock hits 52-week high as fashion vertical accelerates

FSN E-Commerce Ventures posted 286% YoY profit growth on revenue of ₹2,648 cr (+28.4%). Fashion outpaced beauty at 40% growth versus 27%, while EBITDA margin expanded to a record 8.4%. JM Financial raised target to ₹335; shares touched ₹285.65.

— Source publishedFri, 22 May, 2026, 09:41 IST·First seen Fri, 22 May, 2026, 09:49 IST·Source Mint · Markets

What happened

Nykaa Q4FY26 net profit surged 286% YoY to ₹78 cr; revenue rose 28% to ₹2,648 cr with beauty up 27% and fashion up 40%. EBITDA margin hit record 8.4%. JM

Key facts

  • net profit ₹78 cr (+286% YoY)
  • revenue ₹2,648.17 cr (+28.4% YoY)
  • beauty revenue ₹2,409.94 cr (+27.2%)
  • fashion revenue ₹225 cr (+40%)
  • GMV ₹5,241 cr (+28%)
  • EBITDA ₹223 cr (+67%)
  • EBITDA margin 8.4%
  • share price ₹285.65 (52-week high)
  • TP ₹335

Why this matters

Nykaa's accelerating fashion momentum and improving cash generation create a window to acquire tuck-in beauty/fashion brands or logistics capabilities before the multiple re-rates further on sustained profitability.

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