Nykaa To Acquire Majority Stake In D2C Skincare Brand Aminu

Nykaa, a prominent beauty and personal care marketplace, has authorized the acquisition of a 51% stake in D2C skincare brand Aminu, with a potential cash payment of up to ₹32 Cr. The transaction is anticipated to be finalized by September 15, according to exchange filings. Aminu, founded in 2019 by Prachi Bhandari and Aman Mohunta, specializes in retailing skincare products such as serums, cleaners, sunscreen, masks, moisturizers, and other body care items.

The company also provides complimentary skin consultation services and caters to a premium market segment that Nykaa aims to penetrate. Nykaa's acquisition of Aminu is driven by the startup's premium positioning and the company's robust research and development, as well as its omnichannel distribution capabilities. Aminu reported a revenue of ₹19.4 Cr in FY26, marking a 50% YoY increase from ₹13 Cr earned in FY25.

The startup sources ingredients for its skincare products from over 40 countries and features more than 250 ingredients in its product line. Aminu claims to exclusively utilize clean, skin-friendly ingredients, having eliminated around 3,000 popular ingredients from its offerings. Nykaa has previously acquired BPC brands, either wholly or partially, to integrate them into its brand portfolio.

This includes brands like Dot & Key and Earth Rhythm. In addition to approving the acquisition, Nykaa's board also reviewed the company's financial performance for the first quarter of FY27. During the quarter, Nykaa witnessed a three-fold increase in its consolidated net profit to ₹79.8 Cr from ₹24.8 Cr in the same period last year. The company's operating revenue also saw a 29% YoY surge and a 5% QoQ growth, reaching ₹2,782 Cr.