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- Nykaa's Q1 FY27 net profit surged 3.3X to ₹80 crore, driven by a 29% increase in operating revenue to ₹2,782 crore.
- Beauty segment accounted for over 90% of operating revenue at ₹2,516 crore, while the fashion segment contributed ₹253 crore.
- Nykaa approved the acquisition of a 51% stake in Aminu Wellness Private Limited for up to ₹32 crore in cash.
- Nykaa's shares closed at ₹342.5 on Tuesday, resulting in a market capitalization of ₹98,088 crore (around $10.3 billion).
- The acquisition of Aminu is expected to enhance Nykaa's presence in the premium beauty and personal care segment.
- Fashion segment turned EBITDA positive for the first time, posting a margin of 0.1%.
Nykaa's Q1 FY27 results showcased a remarkable financial turnaround, with net profit soaring 3.3X to ₹80 crore, up from ₹24 crore a year earlier.
Revenue from operations reached ₹2,782 crore, marking a 29% year-on-year increase.
The beauty segment was the primary driver, contributing over 90% of total sales at ₹2,516 crore, while the fashion segment added ₹253 crore, achieving EBITDA positivity for the first time with a margin of 0.1%.37
Cost of materials accounted for 57% of total expenditure, totaling ₹1,506 crore. Employee benefits rose over 23% to ₹225 crore, pushing total expenses to ₹2,662 crore.
Analysts noted that Nykaa's profitability is supported by strong growth in both beauty and fashion, with Jefferies highlighting the company's improved conversion rates from gross merchandise value to net sales.
Fashion's net sales value grew 54% year-on-year to ₹451 crore, driven by a 44% increase in customer acquisition.
The beauty segment's gross merchandise value (GMV) rose 28% to ₹4,105 crore, while fashion's GMV surged 53% to ₹1,471 crore.
Nykaa's stock closed at ₹342.50, reflecting a market capitalization of approximately ₹98,088 crore ($10.3 billion).5
The company also announced the acquisition of a 51% stake in Aminu Wellness for ₹32 crore, aimed at enhancing its premium beauty offerings.4
“Fashion's net sales value grew 54% to ₹451 crore, helped by a 44% jump in customer acquisition and the Nike partnership, while beauty GMV rose 28% to ₹4,105 crore. The Aminu deal, expected to close in Q2FY27, adds R&D capabilities and an omnichannel network to premium skincare.”
