Nykaa’s Q1 FY27 profit triples as revenue rises 29% and EBITDA margin expands

Nykaa reported Q1 FY27 net profit of ₹79.8 crore, up 3x year-on-year, on operating revenue of ₹2,782 crore. EBITDA rose 68% to ₹236 crore, lifting margin to 8.5%, while Beauty expanded to 324 stores and quick commerce reached 13 cities.

— Source publishedWed, 5 Aug, 2026, 08:00 IST·First seen Wed, 5 Aug, 2026, 08:25 IST·Source Inc42

What happened

Nykaa reported strong Q1 FY27 growth, with profit tripling, revenue up 29% and Fashion turning EBITDA-positive. It expanded Beauty to 324 stores, scaled quick

Key facts

  • Q1 FY27 net profit rose 3x YoY to ₹79.8 crore
  • Operating revenue rose 29% YoY to ₹2,782 crore
  • Total expenses rose 26% YoY to ₹2,662 crore
  • EBITDA rose 68% YoY to ₹236 crore; margin expanded to 8.5%
  • Beauty contributed 90% of total revenue
  • Nykaa Beauty expanded its omnichannel footprint to 324 stores
  • Quick-commerce platform operates in 13 cities and targets more than 25 cities by end-FY27
  • Nykaa plans to acquire a 51% stake in Aminu
  • Vaaree raised about ₹65 crore ($6.8 million) in Series A

Why this matters

Nykaa’s improving profitability and expanding Beauty-plus-quick-commerce footprint strengthen its position to pursue selective partnerships or acquisitions that deepen category reach, supply-chain speed or customer retention.

What to watch

  • EBITDA margin progression above or below 8.5%, especially after accounting for quick-commerce and store-launch costs.
  • Beauty same-store sales growth, new-store payback periods and online-to-offline customer repeat behavior.
  • Quick-commerce order frequency, average order value, delivery cost per order and city-level contribution margin.
  • Share of owned brands, exclusives, premium beauty and advertising revenue in overall sales and gross profit.
  • Marketing expense as a percentage of revenue and evidence of competitive discounting from marketplaces, specialty chains and rapid-delivery platforms.
  • Fashion growth and inventory turns, as a sustained drag there could dilute consolidated profitability.
  • Consumer discretionary demand trends in urban India, including premiumization and beauty category resilience.
  • Prioritize Beauty store openings in high-density catchments where omnichannel demand can support rapid payback, rather than maximizing headline store count.
  • Use quick commerce in the 13 existing cities to increase repeat purchases and basket frequency before accelerating into lower-density markets.
  • Expand owned brands, exclusives and premium partnerships to protect gross margin and reduce direct price comparability.
  • Convert growing traffic and seller relationships into higher-margin advertising, brand services and marketplace monetization.
  • Maintain disciplined Fashion inventory and marketing allocation, directing incremental capital toward Beauty categories with proven contribution margins.

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