Nykaa Q2 Preview: Profit Seen at Rs 101 Crore as Board Sets November 4 Results Date

FSN E-Commerce Ventures, the parent of Nykaa, is estimated to report consolidated profit after tax of Rs 101 crore for the September quarter, up from Rs 33 crore a year earlier, according to Zee Business estimates. The board meets on November 4, 2026, to approve the unaudited results.

Nykaa's Estimated Q2 Profit and Revenue

Zee Business estimates put the profit after tax increase at around 3.1 times year-on-year. Revenue is estimated to rise 28.1 per cent to Rs 3,005 crore from Rs 2,346 crore in the year-ago quarter.

Earnings before interest, tax, depreciation and amortisation are expected to increase 63.3 per cent to Rs 258 crore from Rs 158 crore. The EBITDA margin is estimated to improve to 8.6 per cent from 6.7 per cent a year ago.

Consolidated gross merchandise value is estimated to grow around 30 per cent year-on-year. The beauty vertical's revenue growth is expected in the 27-29 per cent range, while the fashion vertical's net revenue is estimated to grow 40-42 per cent. Analysts cited a turnaround in the fashion segment and continued growth in the beauty business as key factors, even as festive-season growth shifts from Q2 to Q3.

In a regulatory filing, Nykaa said its board will consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the statutory auditors' report.

Nykaa's FY26 Revenue and Store Network

Nykaa is India's largest omnichannel beauty and fashion retailer, operating an e-commerce platform, a mobile app, 313+ offline stores across 99 cities and a B2B Superstore serving over 1 million retailers, according to akta.pro company records. The same records show FY26 revenue of Rs 10,022 crore, a 26 per cent year-on-year increase, with the beauty segment contributing Rs 9,139 crore and fashion Rs 832 crore. FY26 gross merchandise value was Rs 19,963 crore, up 28 per cent, and FY26 net profit was Rs 204 crore, up 183 per cent from Rs 72 crore in FY25.

Nykaa's Earlier Results and Store Expansion

In the June quarter of FY27, Nykaa reported a 226 per cent year-on-year jump in net profit to Rs 80 crore from Rs 24.47 crore, with net revenue up 29 per cent to Rs 2,782 crore, Zee Business reported. The company announced that result on August 4, 2026.

Nykaa reported FY26 revenue of Rs 10,022 crore, up 26 per cent year-on-year, with net profit jumping 183 per cent to Rs 204 crore, Financial Express reported on October 27, 2026. Nykaa Luxe expanded its store network to 324 across 105 cities, Markhub24 reported on October 17, 2026.

Nykaa's November Investor Meetings

Nykaa officials will meet investors in Mumbai, Kuala Lumpur and Singapore from November 16 to 19, 2026, with engagements including JM Financial, CLSA, Nomura and Morgan Stanley, ScanX reported.