EBITDA increased 65% year on year to Rs 263 crore from Rs 159 crore. EBITDA margin expanded to 8.7% from 6.8% in Q2 FY26.

Profit before tax stood at Rs 149 crore, up 168% year on year from Rs 55 crore.

Gross profit rose 31% to Rs 1,382 crore from Rs 1,054 crore, while gross margin improved to 46% from 44.9%. Fulfilment expenses increased 34% to Rs 304 crore, while marketing and selling expenses rose 24% to Rs 457 crore. Employee and other expenses increased 19% to Rs 358 crore.

The beauty vertical reported revenue of Rs 2,700 crore, up 27% year on year, while fashion revenue increased 43% to Rs 287 crore. Beauty GMV stood at Rs 4,454 crore, up 25%, while fashion GMV rose 42% to Rs 1,674 crore.

The beauty business recorded 28% growth in NSV, with EBITDA increasing 51% year on year. Nykaa expanded its beauty retail network to 338 stores across 111 cities, adding 14 stores during the quarter. Its Superstore business recorded GMV of Rs 328 crore, while its registered retailer base grew 27% to over 5.5 lakh.

Fashion NSV increased 47% year on year to Rs 509 crore. The vertical's EBITDA margin improved to 0.2% from negative 3.5% in Q2 FY26.

The company acquired an 82% stake in professional makeup brand Simply Nam, subject to regulatory approvals and closing conditions. Founded in 2020 by makeup artist Namrata Soni and Bozzil, the brand will strengthen Nykaa's presence in the premium professional makeup segment.

Nykaa is a beauty, fashion and lifestyle platform operating through online channels and physical stores. Its business includes beauty retail, owned brands, fashion and B2B distribution. As of 30 September 2026, the company served over 65 million customers through its online platforms and 338 offline beauty stores.

Shares of Nykaa were down 2.24% at Rs 347.55 on the NSE.