The corporate reported a revenue after tax (PAT) of Rs 34 crore in Q2FY26, in comparison with Rs 10 crore in the identical quarter final 12 months. The PAT is attributable to fairness shareholders of the mum or dad.
Income from operations for the quarter stood at Rs 2,346 crore, marking a 25% rise over Rs 1,875 crore reported within the corresponding quarter of the earlier monetary 12 months. Sequentially, the web revenue grew by 48% over Rs 23 crore in Q1FY26. The topline additionally improved 9% quarter-on-quarter from Rs 2,155 crore.
Gross revenue for the quarter got here in at Rs 1,054 crore, accounting for 50% of internet revenues. This represents a 28% YoY improve. The corporate famous that the gross margin achieved in the course of the quarter was the very best previously 12 quarters.
Nykaa reported EBITDA (Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortisation) of Rs 159 crore in Q2FY26, a 53% YoY rise. This additionally marked the very best EBITDA for the corporate since its preliminary public providing (IPO). EBITDA margin expanded by 125 foundation factors to six.8% in the course of the quarter, up from 5.5% within the year-ago interval. The PAT margin improved to 1.4% from 0.7% in Q2FY25, rising by 71 foundation factors.
Through the quarter, the corporate expanded its retail footprint by including 19 new shops throughout eight cities. The overall retail area stood at over 2.7 lakh sq. toes by the top of September 2025, reflecting a 37% YoY improve.Advertising and promoting and distribution (S&D) bills rose 29% YoY to Rs 368 crore, up from Rs 286 crore within the year-ago interval.After the Q2 outcomes, home brokerage agency Nuvama maintained its ‘Purchase’ ranking on FSN E-Commerce and revised its goal worth to Rs 285 from Rs 235 earlier, citing stronger long-term development and profitability outlook within the trend phase. Nuvama famous that Q2FY26 income of Rs 2,350 crore and 25.1% YoY development have been in step with estimates. It highlighted a 27% YoY development in BPC (Magnificence and Private Care) and trend NSV (internet gross sales worth), together with margin enhancements resulting from narrowing trend and eB2B losses.
Regardless of the revenue after tax coming in at Rs 34 crore — under the consensus estimate of Rs 38.2 crore — Nuvama mentioned the expansion was broad-based throughout classes. The brokerage expects greater than 25% development in GMV (gross merchandise worth) to proceed, together with additional margin positive factors. It additionally marginally trimmed its FY26E and FY27E earnings estimates by 1% to five%.
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