Nykaa Crosses USD 1 Billion Revenue In FY26
As we continue to build scalable and sustainable businesses across beauty and fashion, we are building wellness as a future frontier and remain confident in the long-term opportunity ahead, says Falguni Nayar, founder and CEO of Nykaa
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Nykaa has crossed the $1 billion revenue milestone in FY26, riding on the back of strong growth in its beauty and fashion businesses, expansion of its offline retail network, and increasing contribution from owned brands.
“Crossing the $1 billion revenue milestone along with a track record for profitability and capital efficiency marks a defining moment in Nykaa’s 14-year journey and reflects the deep trust consumers place in us. Over the past three years, Nykaa has evolved into a multi-engine growth platform, with its beauty & fashion businesses doubling their gross merchandise value (GMV), while our newer businesses like superstore and House of Nykaa have grown four times during the same period,” Falguni Nayar, executive chairperson, founder and CEO of Nykaa.
“As we continue to build scalable and sustainable businesses across beauty and fashion, we are building wellness as a future frontier and remain confident in the long-term opportunity ahead. Simultaneously, we are seeing AI emerge as a powerful enabler for consumer businesses, enabling us to serve our customers with greater personalization, efficiency, and scale,”
The company reported a 26 per cent year-on-year (YoY) rise in revenue from operations to INR 10,022 crore in FY26, while net profit surged 183 per cent to INR 204 crore. Nykaa’s beauty vertical delivered superior growth along with improving profitability in FY2026. GMV grew 27 per cent YoY to INR 14,954 crore.
House of Nykaa Beauty and Fashion delivered a standout year, achieving an annualized GMV run-rate of INR. 3,176 crore, up 49 per cent YoY in FY2026, while continuing to outpace platform growth and contribute meaningfully to overall gross margin expansion. Within this, House of Nykaa Beauty GMV reached INR 2,788 crore in FY2026, quadrupling over the last three years, driven by a strong growth flywheel anchored in high-quality innovation, deep consumer insight, portfolio expansion, and sustained demand across channels.
In FY2026, Superstore by Nykaa grew four times over three years – from INR 325 crore GMV in FY2023 to INR. 1,187 crore in FY2026 – driven by deeper geographic penetration, and expanding retailer engagement.
The portfolio continued to expand meaningfully, now spanning 220-plus brands with 50 new brand additions in FY2026.
Fashion had a strong year, delivering on assortment, scale and profitability in FY2026, landing at GMV of INR 4,954 crore, up 30 per cent YoY.
Nykaa has crossed the $1 billion revenue milestone in FY26, riding on the back of strong growth in its beauty and fashion businesses, expansion of its offline retail network, and increasing contribution from owned brands.
“Crossing the $1 billion revenue milestone along with a track record for profitability and capital efficiency marks a defining moment in Nykaa’s 14-year journey and reflects the deep trust consumers place in us. Over the past three years, Nykaa has evolved into a multi-engine growth platform, with its beauty & fashion businesses doubling their gross merchandise value (GMV), while our newer businesses like superstore and House of Nykaa have grown four times during the same period,” Falguni Nayar, executive chairperson, founder and CEO of Nykaa.
“As we continue to build scalable and sustainable businesses across beauty and fashion, we are building wellness as a future frontier and remain confident in the long-term opportunity ahead. Simultaneously, we are seeing AI emerge as a powerful enabler for consumer businesses, enabling us to serve our customers with greater personalization, efficiency, and scale,”
