Nykaa’s Q1 Snapshot, Klassroom Wraps Up IPO & More

Nykaa's first quarter of FY27 was a resounding success. Profits skyrocketed by three times year-over-year to ₹79.8 Cr, while operating revenue climbed 29% to ₹2,782 Cr. Total expenses also increased by 26% to ₹2,662 Cr. EBITDA grew 68% YoY to ₹236 Cr, with an EBITDA margin of 8.5%. The beauty business, which accounts for 90% of Nykaa's total revenue, remained the core engine, driven by stronger engagement, improved margins, higher average order values, and a premium product range.

Nykaa expanded its omnichannel footprint to 324 stores and added global beauty names to bolster its offerings. Nykaa Fashion turned EBITDA positive for the first time, thanks to better operating leverage, increased GMV, and net sales. The company plans to open 13 cities for its quick commerce platform by the end of FY27, but Gulf joint venture Nysaa faces pressures due to geopolitical tensions.

Nykaa is also focusing on premiumisation, with plans to acquire a 51% stake in skincare brand Aminu to strengthen its premium skincare portfolio.