Nykaa, the well-known beauty and fashion retail company, delivered a strong performance in the second quarter of FY26, showing growth in both revenue and profit. The company continues to benefit from rising demand in beauty products across online and offline platforms. Nykaa’s ability to manage expenses while expanding its business has helped it strengthen its financial position this quarter.
Revenue Growth Driven by Strong Beauty Demand
Nykaa reported revenue of ₹2,346 crore in Q2 FY26, compared to around ₹1,875 crore in the same quarter last year. The growth reflects higher customer activity, more brand partnerships, and better product availability. Nykaa’s beauty and personal care business remains its strongest segment, contributing around 91% of the company’s total revenue for the quarter. While Nykaa Fashion is still developing, it has shown steady improvement and currently contributes a smaller share of overall revenue.
The consumer shift towards premium beauty brands and self-care products has also played a role in Nykaa’s growth. The company has continued to expand its online presence and upgrade the shopping experience for customers. Along with this, Nykaa’s offline stores across different cities have helped it reach new customers who prefer in-store product testing and consultation.
Profit Nearly Triples as Cost Management Improves
One of the most notable highlights of this quarter is Nykaa’s profit growth. The company recorded a profit of ₹33 crore in Q2 FY26, which is almost two and a half times higher than the ₹13 crore profit posted in the same quarter last year. This jump in profit shows that Nykaa has improved its cost-control strategies while still focusing on business expansion.
Total expenses for the quarter were ₹2,297 crore, covering costs such as product sourcing, marketing, employee salary, technology, and store operations. Even as these costs grew along with business, the revenue increase was strong enough to support better earnings. For the first half of FY26, Nykaa recorded a total profit of ₹57 crore, compared to ₹27 crore in the same period last year, showing continued improvement in profitability.
Steady Growth Strategy Supports Business Strength
Nykaa’s business strategy continues to focus on strengthening both online and offline channels, improving product offerings, and expanding private-label brands. The company has been working on faster delivery networks and wider retail reach. These moves help Nykaa maintain customer loyalty while also attracting new shoppers. The fashion segment, though currently smaller, is expected to grow gradually as Nykaa continues to add more brands and improve its product mix.
Outlook for the Coming Quarters
Nykaa’s performance in Q2 FY26 suggests that the company is moving in a stable and positive direction. If the company continues to maintain cost efficiency and encourages growth in its fashion segment, it may see stronger financial results in the coming quarters. The beauty business remains the main growth driver, and expanding it further will be key to sustaining momentum. Overall, Nykaa’s steady revenue rise and profit improvement reflect a healthy, growing business model.