FSN E-Commerce Ventures, the parent company of Nykaa, reported a remarkable consolidated net profit of ₹78 crore in Q4 FY26, representing a 286% year-on-year surge from ₹20 crore in the corresponding period last year. As per The Economic Times, the profit after tax (PAT) is attributable to the equity shareholders of the parent company. Revenue from operations for the quarter rose 28% to ₹2,648 crore versus ₹2,062 crore posted in Q4 FY25. Sequentially, PAT increased 24% from ₹63 crore in Q3 FY26, while topline declined 7% quarter-on-quarter to ₹2,873 crore in the October-December quarter. According to latest estimates, revenue for the quarter is estimated to rise around 27% year-on-year to ₹2,613 crore from ₹2,061.8 crore, while on a quarter-on-quarter basis it may fall 9% from ₹2,873.3 crore.
The bottom line surged nearly threefold to ₹199 crore for the full financial year FY26, compared with ₹66 crore in the previous year. As per The Economic Times, topline rose 26% to ₹10,022 crore in FY26 versus ₹7,950 crore a year earlier. This strong annual performance demonstrates the company's sustained growth momentum across multiple quarters, with the consolidated net sales value (NSV) growth expected to be higher in the early thirties for the full year, marking the highest growth in the last 12 quarters.
Nykaa shares were trading at ₹274.35 apiece on the National Stock Exchange at 11:15 AM on Thursday, May 21, rising 0.38% ahead of the company's March quarter earnings announcement. According to reports from The Economic Times, the stock has gained 3.5% over the past month and 2% in the last six months, while delivering a 3.2% increase from the beginning of the year and a 37% surge on a year-on-year basis. The company maintains a market capitalisation of ₹78,460.12 crore and shares had touched their one-year high of ₹285.60 on February 11, 2026, while their 52-week low of ₹191.16 was hit on June 13, 2025.
According to a regulatory filing dated April 6, 2026, Nykaa delivered strong performance in Q4 FY26 with consolidated gross merchandise value (GMV) growth expected in the late twenties. As reported by The Economic Times, the firm expects its consolidated net sales value (NSV) growth to be higher in the early thirties, with consolidated net revenue growth expected in the late twenties, marking the highest growth in the last 12 quarters. This strong performance was driven by acceleration in the fashion vertical along with sustained strong performance of the beauty vertical. The company's consolidated NSV growth for the full year FY26 is expected to accelerate to the late twenties, up from mid-twenties growth seen in the last two years.
According to the regulatory filing, Nykaa's Beauty vertical is expected to report GMV, NSV and net revenue growth in the late twenties for Q4 FY26, with NSV growth slightly outpacing GMV and net revenue. The improvement in GMV-to-NSV conversion has been driven by better funnel efficiencies across businesses. The fashion vertical has continued its growth revival since the beginning of FY26, with the segment expected to see further momentum in Q4, with GMV growth in the late twenties and NSV growth tracking higher in the early forties. The company also witnessed strong retail expansion during the quarter, adding a record number of stores.
As reported by The Economic Times, Nykaa stated that while it remains watchful of the evolving geopolitical landscape in West Asia, there has been no material impact this quarter. The company noted that Middle East exposure is currently below 1% of overall revenue, given the business is in its early stages. The company also witnessed strong retail expansion during the quarter, adding a record number of stores and integrating 11 Kiehl's outlets in the reporting quarter, marking its highest-ever quarterly store additions.
