Nykaa’s Q1 profit more than triples as beauty growth fuels ₹2,782 crore revenue

Nykaa reported Q1 consolidated net profit of ₹79.8 crore, up from ₹24.5 crore a year earlier, while total income rose 29% to ₹2,791 crore. The company will also acquire a 51% stake in premium skincare brand Aminu for up to ₹32 crore.

— Source publishedWed, 5 Aug, 2026, 06:35 IST·First seen Wed, 5 Aug, 2026, 06:57 IST·Source Times of India · Business

What happened

Nykaa’s Q1 consolidated profit more than tripled to Rs 79.8 crore as beauty and fashion growth lifted income 29%. It will acquire a 51% stake in premium

Key facts

  • Consolidated net profit: Rs 79.8 crore in Q1, versus Rs 24.5 crore a year earlier
  • Total income: Rs 2,791 crore, up 29%
  • Revenue from operations: Rs 2,782 crore
  • Nykaa to acquire 51% of Aminu for up to Rs 32 crore
  • Aminu FY26 revenue: Rs 19 crore
  • Aminu revenue grew eight-fold over three years
  • Nykaa plans to later acquire the remaining 49% stake

Why this matters

Nykaa’s planned 51% acquisition of premium skincare brand Aminu for up to ₹32 crore strengthens its owned-brand and premium beauty portfolio with a relatively small capital commitment.

What to watch

  • Beauty and personal-care GMV/revenue growth versus the fashion segment.
  • EBITDA margin, contribution margin and marketing expense as a share of revenue in the next two quarters.
  • Growth in advertising and marketplace/fulfillment income, which can accelerate operating leverage.
  • Aminu purchase price, earn-out structure, founder retention and post-acquisition distribution expansion.
  • Premium skincare repeat-purchase rates, average order value and mix of owned/exclusive brands.
  • Any increase in discounting or competitive pressure from Sephora, Tira, Amazon, Myntra and quick-commerce beauty offerings.
  • Increase premium beauty, dermatology-led skincare and exclusive-brand launches across Nykaa and Nykaa Fashion.
  • Use Aminu as a platform for owned-brand product development, omnichannel distribution and higher-margin bundles.
  • Expand retail media, loyalty-led personalization and creator commerce to raise repeat rates and reduce customer-acquisition costs.
  • Prioritize profitable offline-store additions and city-level fulfillment density rather than broad discount-led expansion.
  • Pursue selective minority or controlling stakes in differentiated Indian beauty and wellness brands.