Nykaa Q1 profit triples, acquires Aminu

Nykaa, the parent of beauty and fashion retailer Nykaa, reported a more than threefold increase in consolidated net profit for the quarter ended June 30, 2026. Net profit rose 226% year-on-year to Rs 79.76 crore (about $8.4 million), while revenue from operations grew 29% to Rs 2,782 crore. EBITDA increased 68% to Rs 236 crore, with margin expanding to 8.5% from 6.5%. Gross merchandise value rose 34% to Rs 5,590 crore. The beauty division's GMV grew 28% to Rs 4,105 crore, and the fashion division's GMV surged 53% to Rs 1,471 crore, helped by the first full quarter of operating nike.in in India. The company added over 130 brands, including Birkenstock, Debenhams, and H&M Move, and its Nike partnership crossed 1.5 million app installations. Nykaa Now rapid delivery expanded to 13 cities, targeting 25 by FY2027. Separately, Nykaa acquired a 51% stake in Aminu Wellness Private Limited, a dermocosmetic skincare brand, for up to Rs 32 crore, with plans to acquire the remaining 49% over the next few years. The acquisition is expected to close in Q2 FY27 subject to regulatory approvals. Founder and CEO Falguni Nayar highlighted the highest growth and EBITDA margins in 12 quarters, new brand launches including Rare Beauty, SK-II, and Judydoll, and AI initiatives like Virtual Closet driving higher conversion.