Nykaa (FSN E-Commerce Ventures) Latest Updates

recently announced its Q1 FY26 financial results, which show strong growth. The company's consolidated net profit surged by 79% year-on-year to ₹24 crore, while revenue from operations grew by 23% to ₹2,155 crore. This performance was driven by robust growth across its beauty and fashion segments. In business developments, Nykaa's beauty vertical saw its GMV increase by 26% year-on-year. This growth was attributed to a deepening market presence, new customer acquisition, and an expanding offline retail network which now includes over 250 stores in 82 cities. The fashion segment also demonstrated strong growth with its GMV increasing by 25%. Additionally, the company is set to acquire the remaining 40% stake in Nudge Wellness, making it a wholly-owned subsidiary. This move is part of Nykaa's strategy to expand its portfolio of in-house brands. The company is also scaling up its rapid delivery service, Nykaa Now, which is now available in seven cities, and its international brand, Kay Beauty, will debut in the UK through Space NK.