Whalesbook
FSN E-Commerce Ventures, the parent company of Indian online beauty and fashion retailer Nykaa, reported a significant profit increase for the fourth quarter of fiscal year 2026. Net profit reached Rs 78.38 crore, a substantial jump from Rs 20.28 crore in the same period last year. This quarterly profit also surpassed the Rs 63.31 crore earned in the preceding quarter.
Beauty Business Drives Revenue Growth
Revenue from operations increased by a healthy 28.44% year-over-year to Rs 2,648.17 crore in Q4 FY26. This marks an increase from Rs 2,061.76 crore in Q4 FY25. However, on a sequential basis, revenue saw a slight decrease of 7.84% from Rs 2,873.26 crore in Q3 FY26.
Nykaa's core beauty segment, which includes its online platform, proprietary brands, physical stores, and distribution channels, was the main driver of this growth. Revenue from the beauty segment rose by 27.19% to Rs 2,409.94 crore in Q4 FY26, up from Rs 1,894.76 crore in the prior year. For the entire fiscal year, beauty segment revenue climbed to Rs 9,139.49 crore from Rs 7,251.17 crore in FY25.
Fashion Segment Sees Moderate Gains
The fashion segment, comprising Nykaa Fashion, retail outlets, owned brands, and lifestyle products, also contributed to the positive results. Revenue in this segment grew to Rs 225.33 crore from Rs 161 crore reported in the fourth quarter of the previous fiscal year.
Strategic Acquisitions Enhance Portfolio
To strengthen its presence in the sustainable beauty market, Nykaa's board approved the acquisition of an additional 24.17% stake in Earth Rhythm for approximately Rs 9.4 crore. This transaction is expected to be completed by August 31. Further bolstering its beauty offerings, the company increased its stake in Dot & Key Wellness Limited to 90.06% and finalized the acquisition of the remaining stake in Nudge Wellness during FY26.
Nykaa shares, listed as FSN E-Commerce Ventures, have shown positive momentum, with a year-to-date gain of 3.27%.