Indian beauty and fashion retailer Nykaa has reported a pointy rise in revenue and income for the fourth quarter and full monetary yr ending March 2026, pushed by robust demand throughout its magnificence, trend and retail companies.

The corporate mentioned quarterly income from operations rose 28% year-on-year to Rs 2,648 crore in This fall FY26, marking its highest development within the final 12 quarters. Gross merchandise worth (GMV) additionally elevated 28% to Rs 5,241 crore.

Its web revenue for the quarter climbed greater than fourfold to Rs 79 crore from Rs 19 crore a year earlier, whereas EBITDA rose 67% to Rs 223 crore. EBITDA margin expanded to eight.4%, the very best within the firm’s historical past. Gross revenue for the quarter rose 32% to Rs 1,203 crore. 

For the complete yr, Nykaa crossed the Rs 10,000 crore income milestone for the primary time. Annual income from operations elevated 26% to Rs 10,022 crore, whereas web revenue for the interval rose to Rs 204 crore from Rs 72 crore in FY25. Gross revenue for the yr rose 30% to Rs 4,516 crore, whereas EBITDA elevated 59% to Rs 752 crore. Revenue earlier than tax stood at Rs 330 crore after distinctive objects. 

The corporate mentioned it had sustained “mid-20s development” for the previous 14 quarters.

Nykaa’s stability sheet additionally strengthened throughout the yr. Whole belongings rose to Rs 4,611.4 crore as of March 31, 2026, from Rs 3,979.4 crore a yr earlier.

Its inventories elevated to Rs 1,642.2 crore, whereas receivables, together with unbilled income, stood at Rs 462 crore. Money and financial institution balances, together with fastened deposits, rose to Rs 418.3 crore from Rs 338.6 crore. Borrowings declined to Rs 747.2 crore from Rs 961.4 crore, whereas web debt improved by 47% to Rs 329 crore from Rs 623 crore. 

The corporate additionally reported stronger money technology in FY26, with money stream from operations rising to Rs 644.3 crore from Rs 466.6 crore in FY25. Money stream from investing actions was unfavourable at Rs 162.5 crore, whereas financing actions recorded an outflow of Rs 429.6 crore. Nykaa ended the yr with money and money equivalents of Rs 177.2 crore, in contrast with Rs 124.9 crore a yr earlier.

Nykaa’s magnificence division remained its largest development driver, with GMV rising 27% year-on-year to Rs 14,954 crore in FY26. The vertical reported income from operations of Rs 9,139 crore and EBITDA of Rs 819 crore for the yr.

The corporate mentioned it launched over 200 globally iconic magnificence manufacturers throughout the yr, together with Chanel Magnificence and Perfume, Armani Magnificence, Kylie Cosmetics, SK-II and Paula’s Selection.

The retailer additionally expanded its bodily presence, including 76 shops throughout the yr to take its specialty magnificence retail community to 313 shops throughout 99 Indian cities. The retailer additionally expanded its bodily presence, including 76 shops throughout the yr to take its complete retail community to 313 shops throughout 99 Indian cities. The corporate mentioned it had centered on “immersion, group, and classes” via new experiential retail codecs corresponding to fragrance-focused shops and community-led engagement areas. 

Nykaa highlighted elevated use of AI throughout each magnificence and trend operations. It pointed to instruments corresponding to its AI-powered Digital Pores and skin Analyzer, which gives personalised skincare suggestions, and “Nykaa Muse”, a digital trend try-on platform.

Its trend enterprise additionally posted robust development, with GMV rising 30% year-on-year to Rs 4,954 crore. The phase reported income from operations of Rs 832 crore in FY26, whereas its EBITDA loss narrowed to Rs 37 crore from Rs 93 crore a yr earlier.

In This fall FY26, the style enterprise turned EBITDA-positive at Rs 1 crore, in contrast with an EBITDA lack of Rs 29 crore in the identical quarter final yr. Males’s put on grew 60%, whereas kidswear and residential classes expanded 50% and 40% respectively. 

The corporate’s owned manufacturers portfolio, Home of Nykaa, achieved an annualised GMV run-rate of Rs 3,176 crore, up 49% year-on-year. Nykaa mentioned the portfolio now serves greater than 17 million prospects throughout 12 magnificence and trend manufacturers.

In the meantime, Superstore by Nykaa, the corporate’s B2B distribution platform, grew practically fourfold over the previous three years to Rs 1,187 crore in GMV. The corporate mentioned the platform has 4.93 lakh registered retailers and serves 3.8 lakh transacting retailers throughout greater than 1,000 cities.

Nykaa additionally confirmed it had accomplished the acquisition of clean beauty brand Earth Rhythm after initially buying a minority stake in FY23. The corporate mentioned the acquisition strengthened its place in “naturally efficient, sustainable merchandise”.

Regardless of geopolitical challenges affecting its Gulf operations, Nykaa mentioned the influence on the broader enterprise remained “insignificant”.

Talking on this, Falguni Nayar, Government Chairperson, Founder and CEO of Nykaa mentioned, “Crossing the $1 billion income milestone together with observe document for profitability and capital effectivity marks a defining second in Nykaa’s 14-year journey and displays the deep belief shoppers place in us. Over the previous three years, Nykaa has developed right into a multi-engine development platform, with our Magnificence & Vogue companies doubling their GMV, whereas our newer companies like Superstore and Home of Nykaa have grown 4X throughout the identical interval.”

“At the moment, we serve over 55 million shoppers who’re among the many most engaged and premium prospects in India. As we proceed to construct scalable and sustainable companies throughout Magnificence and Vogue, we’re constructing Wellness as a future frontier and stay assured within the long-term alternative forward. Concurrently, we’re seeing AI emerge as a robust enabler for client companies, enabling us to serve our prospects with better personalization, effectivity, and scale,” she added.