Shares of Nykaa parent FSN E-Commerce Ventures surged over 4% to hit a fresh 52-week high of ₹285.65 during intraday trading on the BSE, following the company’s strong Q4 FY26 performance, according to inc42.com. The stock later settled at ₹275.30, up 0.33%, with the company’s market capitalization reaching ₹78,259.67 crore ($8.15 billion).
Nykaa reported a consolidated net profit of ₹78.8 crore in Q4 FY26, a fourfold increase from ₹19.1 crore in the same quarter last year. This growth was driven by a 28% rise in operating revenue to ₹2,648.2 crore, marking the highest year-on-year jump in top-line revenue over the past 12 quarters. Expenses also increased by 25% to ₹2,535.8 crore. For the full fiscal year, Nykaa’s profit soared 182% to ₹203.9 crore, while operating revenue grew 26% to ₹10,022.4 crore. The company expanded its retail footprint by adding 76 new stores, reaching a total of 313 outlets, and entered 20 new cities during FY26.
This performance highlights Nykaa’s strong position in the beauty and personal care (BPC) market, reflecting robust demand and successful expansion strategies. Brokerages including Morgan Stanley, HSBC, Citi, and CLSA have expressed positive outlooks, with Morgan Stanley maintaining an “overweight” rating and a target price of ₹286 per share. The improved marketing efficiency in Nykaa’s fashion business also contributed to investor confidence.
Looking ahead, Nykaa is expected to continue its growth trajectory by leveraging its expanding retail presence and improving operational efficiencies. Market watchers will be keen to track the company’s performance in upcoming quarters, especially its ability to sustain margin improvements and capitalize on new city entries.