Fashion operational efficiency drives Nykaa's Q1 earnings growth

FSN E-Commerce Ventures, parent company of Nykaa, delivered a strong Q1 FY27 performance as consolidated net profit jumped 243 per cent Y-o=Y to Rs 80 crore. Revenue from operations climbed 29 per cent to Rs 2,782 crore, propelled by a structural shift toward profitability in its apparel vertical. Nykaa Fashion achieved positive EBITDA during the quarter, registering a 54 per cent growth in net sales value to Rs 451 crore. Strategic brand additions, including Birkenstock, Debenhams, and H&M Move, expanded customer acquisition, pushing cumulative fashion users to 12 million

Premiumization and quick delivery expand margin growth

Consolidated EBITDA rose by 68 per cent to Rs 236 crore, with operating margins expanding to 8.5 per cent. While the beauty vertical maintained steady momentum at Rs 2,516 crore, margin expansion was reinforced by rapid delivery service 'Nykaa Now', expanding to 25 cities without diluting transaction economics. Additionally, Nykaa acquired a 51 per cent stake in clinical skincare label Aminu for Rs 32 crore to deepen high-margin offerings. This quarter marked accelerated growth momentum and operating margins, reaching 12-quarter highs, states Falguni Nayar, Executive Chairperson and CEO.

Digital beauty giant expands multi-category footprint

Founded in 2012 by Falguni Nayar, Nykaa operates India’s leading omnichannel fashion and beauty platforms, retailing cosmetics, personal care, apparel, and footwear across 324 physical stores in 105 cities. Generating annual revenues above Rs 6,000 crore, the company targets sustained double-digit growth via quick commerce expansion and private label scaling.