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FSN E-Commerce, the parent company of beauty and fashion retailer Nykaa, reported a sharp rise in consolidated net profit to Rs 34.4 crore for the quarter ended September 2025, up from Rs 10.04 crore in the same period last year. Revenue from operations grew 25.1% year-on-year to Rs 2,345.98 crore, compared with ₹Rs 1,874.74 crore a year ago, according to the company’s regulatory filings. Consolidated gross merchandise value (GMV) rose 30% to Rs 4,744 crore. Founder and CEO Falguni Nayar said the results reflected “accelerated growth momentum” across categories. “The beauty business continues to deliver consistently, achieving over 25% GMV growth for several consecutive quarters,” Nayar said. “This quarter saw accelerated brand launches, particularly in luxury and Korean beauty, alongside the addition of 19 new stores, strengthening our omnichannel presence.” She added that the House of Nykaa portfolio grew 54% year-on-year, led by its owned beauty brands, while Nykaa Fashion posted 37% GMV growth, driven by global labels such as GAP, Guess and H&M. The company’s customer base has now reached 49 million across beauty and fashion. Nykaa has reappointed Nayar as Executive Chairperson, Managing Director and Chief Executive Officer for a five-year term beginning February 2026. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 53% year-on-year to Rs 159 crore. Total expenses increased 23.5% to Rs 2,297.5 crore, while employee benefit costs rose to Rs 182.7 crore from Rs 161.49 crore a year earlier. Nykaa Beauty’s GMV climbed 28% to Rs 3,551 crore, and Nykaa Fashion’s GMV grew 37% to Rs 1,180 crore during the quarter. The company said growth was driven by its ecommerce channels, physical retail, and in-house brands under the House of Nykaa. Its cumulative beauty customer base stood at around 40 million as of September 30, 2025. The company’s quick commerce arm, Nykaa Now, which promises delivery within 60–120 minutes, has fulfilled more than two million orders across seven cities since its launch in August. Nykaa also opened 19 new physical stores in the quarter, taking its total to 265 outlets across 90 cities. Capital expenditure for the first half of FY26 stood at Rs 58 crore—about 1% of revenue—focused on retail expansion, fulfilment capabilities and technology upgrades. Shares of Nykaa closed 0.22% higher at Rs 246 on the BSE on Friday. The financial results were announced post-market hours. (With inputs from PTI)
