Nykaa’s beauty segment, which accounts for the bulk of its business, posted 27% GMV growth to ₹4,302 crore. | Photo Credit: ANUSHREE FADNAVIS
FSN E-Commerce Ventureswhich operates beauty and fashion retailer Nykaa, reported a 156 per cent year-on-year increase in net profit to ₹68 crore for the quarter ended December 31, 2025, driven by strong sales growth and margin expansion.
The company’s consolidated revenue from operations rose 27 per cent to ₹2,873 crore, while gross merchandise value (GMV) grew 28 per cent to ₹5,795 crore—the highest quarterly GMV in its history. EBITDA increased 63 per cent to ₹230 crore, with margins expanding to 8 per cent from 6.2 per cent in the same quarter last year.
Nykaa’s beauty segment, which accounts for the bulk of its business, posted 27 per cent GMV growth to ₹4,302 crore. The company added 11 new beauty stores during the quarter, taking its total to 276 stores across 94 cities. The cumulative beauty customer base reached 42 million, up 30 per cent year-on-year, while the overall One Nykaa platform crossed 52 million customers.
The fashion vertical showed improved performance with GMV growing 31 per cent to ₹1,476 crore. EBITDA margin as a percentage of net sales value improved from negative 5.4 per cent to negative 2 per cent in the quarter.
House of Nykaa, the company’s portfolio of owned brands, recorded 48 per cent GMV growth to ₹872 crore. Key brands include Dot & Key, which achieved an annualized GMV run rate of ₹1,900 crore with 111 per cent year-on-year growth.
Shares of FSN E-Commerce Ventures Limited ended on the NSE today at ₹261.45 up by ₹10.42 or 4.15 per cent.
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Published on February 5, 2026