Nykaa Forecasts Strong Q3 FY26 Growth: Beauty & Fashion Drive Revenue Surge

• Nykaa expects consolidated revenue growth in the upper mid-twenties for Q3 FY26.
• Consolidated gross merchandise value (GMV) and net sales value (NSV) are projected to grow in the late twenties.
• Beauty vertical NSV growth is anticipated in the late twenties, its strongest in six quarters, boosted by House of Nykaa brands and Pink Friday sale.
• Fashion business NSV growth is expected in the mid-twenties, though net revenue growth trails in late teens due to content/marketing income and channel optimization.
• Q2 FY26 saw a net profit of Rs 10.04 crore and revenue up 25.13% YoY, with Beauty GMV up 28% and Fashion GMV up 37%.

Why It Matters: Nykaa projects robust Q3 FY26 revenue growth, driven by strong performance in both beauty and fashion segments.