Shares of FSN E-Commerce Ventures, Nykaa’s parent company, will be in focus on Friday after it reported a consolidated net profit of Rs 78 crore for the March quarter of FY26, marking a 286% jump from Rs 20 crore in the same period last year. The profit after tax is attributable to the parent company's equity shareholders.Revenue from operations during the quarter rose 28% year-on-year (YoY) to Rs 2,648 crore, compared with Rs 2,062 crore in Q4FY25. On a sequential basis, PAT increased 24% from Rs 63 crore in the December quarter, although revenue declined 7% quarter-on-quarter from Rs 2,873 crore reported in Q3FY26.For the full year FY26, the company’s net profit nearly tripled to Rs 199 crore from Rs 66 crore a year earlier. Annual revenue climbed 26% to Rs 10,022 crore, against Rs 7,950 crore in FY25.Nykaa also posted a 28% YoY rise in gross merchandise value (GMV) to Rs 5,241 crore in the March quarter, extending its streak of mid-20s GMV growth to the 14th straight quarter. The company reported that quarterly revenue and gross margin were the highest seen in the last 12 quarters.EBITDA for the quarter stood at Rs 223 crore, up 67% from a year ago, accounting for 8.4% of net revenue.For FY26, GMV rose 28% YoY to Rs 19,963 crore, while net revenue increased 26% to Rs 10,022 crore. EBITDA grew 59% to Rs 752 crore and profit after tax surged 183% to Rs 204 crore.Commenting on the performance, Nykaa CEO Falguni Nayar said crossing the $1 billion revenue milestone while maintaining profitability and capital efficiency marks a significant milestone in the company’s 14-year journey and reflects strong consumer trust in the brand.She said Nykaa has transformed into a multi-engine growth platform over the last three years, with its Beauty and Fashion businesses doubling their GMV, while newer verticals such as Superstore and House of Nykaa have expanded fourfold during the same period.Nayar added that the company now serves more than 55 million consumers, whom she described as among the most engaged and premium customers in India. As Nykaa continues to scale its Beauty and Fashion businesses, the company is also focusing on Wellness as a future growth opportunity, while remaining optimistic about the long-term potential ahead.She also highlighted the growing role of artificial intelligence (AI) in consumer businesses, saying AI is helping Nykaa improve personalisation, efficiency, and scalability in serving customers.Nykaa shares have risen 36.5% in the last year. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)