Indian fashion-to-beauty retailer Nykaa reported a sharp rise in profit in the third quarter, driven by strong demand for skincare, makeup and premium products across its platforms. The company, formerly known as FSN E-Commerce Ventures Ltd, said its net profit more than doubled to ₹633.1 million for the quarter ended December 31, 2025, compared with ₹261.2 million a year earlier. Revenue rose 27 per cent to ₹28.73 billion, reflecting broad strength across beauty and other categories.
Nykaa’s beauty segment, its largest vertical, also posted a 27 per cent increase in revenue to ₹26.22 billion, underscoring continued consumer interest in premium global and domestic brands such as Shiseido, Estée Lauder, and Kay Beauty. The company said this surge in demand helped drive overall profitability. This expansion supports Nykaa’s omnichannel strategy, combining strong e-commerce sales with physical retail presence to capture a wider market share.
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Nykaa also saw an important expansion in its EBITDA margin, which expanded to 8 per cent from 6.2 per cent a year earlier, reflecting better cost management and a higher mix of premium offerings, which typically carry stronger margins. Analysts say the results highlight resilient consumer spending in India’s beauty and personal care market even amid broader economic pressures. The firm’s emphasis on premiumisation, physical offline presence, and digital engagement has helped sustain growth in one of the country’s fastest-growing retail segments.
