FSN E-Commerce Ventures, the mother or father firm of Nykaa, posted a strong set of outcomes for the quarter ended September 2025, highlighting sustained demand throughout its magnificence and vogue verticals.

The corporate’s consolidated Gross Merchandise Worth (GMV) grew 30% year-on-year to Rs 4,744 crore, whereas income from operations elevated 25% YoY to Rs 2,346 crore. Gross revenue rose 28% to Rs 1,054 crore, the best in 12 quarters.

Working profitability improved sharply. EBITDA rose 53% YoY to Rs 159 crore, with margins increasing to six.8% from 5.5% a yr earlier. Web revenue surged 154% YoY to Rs 33 crore.

“The efficiency this quarter displays accelerated development momentum throughout Nykaa, with every of our companies contributing meaningfully to this trajectory,” stated Falguni Nayar, Govt Chairperson, Founder and CEO of Nykaa. “The Magnificence enterprise continues to ship constantly, reaching over 25% GMV development for a number of consecutive quarters. This quarter noticed accelerated model launches, significantly throughout luxurious and Korean magnificence, alongside the addition of 19 new shops, additional strengthening our omnichannel presence.”

Nykaa’s magnificence vertical recorded 28% YoY GMV development to Rs 3,551 crore, supported by e-commerce enlargement, new model launches, and powerful efficiency from its Home of Nykaa portfolio, which posted 54% YoY GMV development.

The cumulative magnificence buyer base reached 40 million, a 31% enhance YoY. The style enterprise noticed a revival with 37% YoY GMV development, aided by new international manufacturers comparable to GAP, Guess and H&M becoming a member of the platform.

Nykaa additionally expanded its retailer community and rolled out its rapid-delivery mannequin, Nykaa Now, to boost client comfort.

On a half-year foundation, income rose 24% YoY to Rs 4,501 crore, whereas revenue for H1 FY26 doubled to Rs 57 crore. The wonder section contributed 91% of Q2 income at Rs 2,132 crore, with vogue accounting for 8.7%.

Complete expenditure stood at Rs 2,297 crore, pushed primarily by materials prices of Rs 1,292 crore and spending on advertising and marketing, expertise and worker advantages. Nykaa now serves a cumulative 49 million prospects throughout magnificence and vogue.