FSN E-Commerce Ventures Limited, the parent company of Nykaa, has surpassed the $1 billion annualized revenue milestone for the fiscal year ended March 2026, driven by strong growth in its beauty, fashion, and owned-brand segments, according to yourstory.com. The Mumbai-based company reported a 28.4% year-on-year increase in revenue to Rs 2,648 crore in the March quarter, marking its strongest quarterly growth in three years.
This milestone was achieved as Nykaa’s revenue from operations rose to Rs 10,022 crore in FY26 from Rs 7,950 crore in FY25, a 26.1% increase. Net profit more than doubled to Rs 204 crore for the full fiscal year, with quarterly net profit surging fourfold to Rs 78.8 crore in Q4 FY26. The company’s consolidated gross merchandise value (GMV) also grew 28% year-on-year to Rs 19,963 crore. Founder and CEO Falguni Nayar highlighted this as a defining moment in Nykaa’s 14-year journey, emphasizing the company’s track record of profitability and capital efficiency.
Nykaa’s dominant beauty segment accounted for 91.01% of its Q4 revenue, underscoring its strong market position in beauty e-commerce. The fashion segment contributed 8.5% of quarterly revenue, reflecting the company’s diversified portfolio. This growth places Nykaa among India’s leading e-commerce firms, showcasing its ability to scale profitably in a competitive market where many players struggle to balance growth with profitability.
Looking ahead, Nykaa is expected to continue expanding its owned-brand offerings and deepen its presence in both beauty and fashion categories. Investors and market watchers will be keen to track how the company sustains its growth momentum and profitability in the upcoming quarters, especially as it navigates evolving consumer trends and competitive pressures in the Indian e-commerce landscape.