Nykaa's profit more than doubles amid beauty demand surge in India

Fsn E-Commerce Ventures

05/02/2026 10:48

Feb 5 (Reuters) - Indian fashion-to-beauty retailer Nykaa FSNE.NS posted a more than two-fold jump in quarterly profit on Thursday, helped by steady demand for skincare and makeup products.

The company, formally known as FSN E-Commerce Ventures, posted a profit of 633.1 million rupees ($7.01 million) for the third quarter ended December 31, compared to 261.2 million rupees a year ago.

Demand for beauty products has held up despite broader pressure on Indian consumer spending, with shoppers splurging on premium items from Shiseido 4911.T, Estee Lauder EL.N and local brands such as Kay Beauty.

Its biggest segment, beauty, posted a 27% rise in revenue to 26.22 billion rupees. Nykaa added 11 new stores and entered four new cities during the quarter, taking its total count to 276 beauty stores.

Overall revenue climbed 27% to 28.73 billion rupees.

Earnings before interest, taxes, depreciation, and amortisation margins expanded to 8%, compared to 6.2% a year earlier, supported by a greater focus on premium offerings.

       ($1 = 90.3070 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru and Praveen Paramasivam in Chennai; Editing by Nivedita Bhattacharjee)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))