Nykaa records strong Q1 with 26 percent GMV Growth

Nykaa, a leading Indian e-commerce company, has announced strong financial results for the quarter ended June 30, 2025, kicking off its fiscal year 2026 with significant growth in both revenue and profitability. The company's consolidated gross merchandise value (GMV) surged by 26 percent year-on-year to reach Rs 4,182 crore. This was accompanied by a 23 percent rise in revenue from operations, totalling Rs 2,155 crore.

The company's profitability saw notable improvements, with EBITDA growing by 46 percent year-on-year, and the EBITDA margin expanding from 5.5 percent to 6.5 percent. Nykaa's net profit (PAT) showed an increase of 79 percent year-on-year, reflecting a strategic focus on sustainable and profitable growth.

According to Falguni Nayar, executive chairperson, founder, and CEO, this performance "underscores Nykaa's ability to consistently balance growth and profitability across both our beauty and fashion businesses."

Nykaa's beauty vertical was a key driver of this success, with its GMV growing by 26 percent to Rs 3,208 crore. The company's retail footprint continues to expand, reaching a milestone of 250 beauty stores across 82 cities. The House of Nykaa's beauty brands, including Dot & Key and Kay Beauty, also saw strong performance. The fashion segment demonstrated a rebound, with GMV growing by 25 percent to Rs 964 crore and an improvement in EBITDA margin.

In a strategic move to bolster its presence in the wellness sector, Nykaa's board has approved the acquisition of the remaining 40 percent stake in Nudge Wellness, making it a wholly-owned subsidiary.