Nykaa's PAT soars 206% in Q2FY27 as beauty, quick commerce arm deliver strong performance

Omnichannel beauty and fashion giant Nykaa announced a remarkable 206% surge in profit after tax (PAT) for Q2FY27, reaching Rs 101 crore compared to Rs 33 crore in the same period last year. The company's revenue from operations saw a 28% year-on-year increase to Rs 3,006 crore. However, the beauty vertical remained the backbone of Nykaa's success, generating a Gross Merchandise Value (GMV) of Rs 4,454 crore.

This was more than double the fashion revenue of Rs 287.2 crore. Nykaa's annualized Gross Merchandise Value (GMV) run rate was Rs 4,000 crore, while the annualized Net Sales Value (NSV) hit Rs 2,300 crore, a 36% YoY growth.

Superstore by Nykaa also performed well, with a GMV of Rs 328 crore. The company's registered retailer base expanded by 27% YoY to over 550,000. Nykaa credited its improved operational efficiency, especially in marketing and overheads, for its strong performance. The company's growth prospects appear promising, with the beauty and fashion sectors showing accelerated growth and significant potential for long-term expansion in House of Nykaa and Wellness.

The company is also focused on building differentiated businesses to serve consumers and drive sustainable growth.

In an exciting development, Nykaa acquired an 82% majority stake in Simply Nam, a cosmetics brand launched in 2020 by makeup artist Namrata Soni and venture studio Bozzil. This acquisition aims to bolster Nykaa's premium makeup portfolio. The quick delivery arm, NYKAA Now, has expanded its service to 15 cities, promising 30-to-60 minute delivery and offering over 1,000 marquee brands with twice the beauty and personal care catalog depth of conventional quick-commerce platforms.

This wide selection is driving an average order value three times higher than typical quick-commerce purchases. Nykaa currently operates 338 stores across 111 cities.