Nykaa Q4 PAT seen surging 226% YoY to ₹65 cr on BPC, fashion strength
Brokerages model 27% revenue growth to ₹2,613 cr for FSN E-Commerce, with BPC GMV/NSV up 24-25% and fashion NSV +33% YoY. Ebitda margin pegged near 7.6% post-festive normalisation. Street eyes eB2B SuperStore traction and margin trajectory when results drop May 21.
What happened
Nykaa Q4FY26 preview: brokerages expect PAT to surge 226% YoY to ₹65 cr on 27% revenue growth to ₹2,613 cr, driven by BPC and fashion; margin normalisation
Key facts
- PAT ₹65.06 cr avg, +226% YoY
- Revenue ₹2,613 cr, +27% YoY
- BPC GMV/NSV +24-25% YoY
- Fashion NSV +33% YoY
- Ebitda margin 7.6% (Kotak)
- Q-o-Q revenue -9%
Why this matters
Nykaa's dual-engine strength in BPC and fashion plus emerging eB2B SuperStore traction reinforces its platform moat in Indian beauty/fashion e-commerce, raising the bar for any acquirer or strategic partner eyeing category consolidation in this space.