Nykaa net profit soars over 3X; VC funding remains modest
Omnichannel beauty and fashion retailer Nykaa has clocked a more than 3x rise in net profit and a 29% rise in revenue for the first quarter of the 2026-27 fiscal year, driven by overall demand. Meanwhile, VC funding in India’s startup ecosystem declined in July.
Nykaa, the omnichannel beauty and fashion retailer, reported a remarkable 3x increase in net profit and a 29% rise in revenue for the first quarter of the 2026-27 fiscal year. The company's strong performance can be attributed to overall demand, with net profit reaching Rs 79.76 crore compared to Rs 24.47 crore in the same period a year ago.
Revenue from operations also saw a significant increase, reaching Rs 2,782 crore from Rs 2,154.94 crore in the previous year. Founder, Executive Chairperson, and CEO Falguni Nayar expressed satisfaction with the company's growth momentum and EBITDA margins, which reached their highest levels in the last 12 quarters.
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