Omnichannel beauty and fashion retailer Nykaa has clocked a more than 3x rise in net profit and a 29% rise in revenue for the first quarter of the 2026-27 fiscal year, driven by overall demand. Meanwhile, VC funding in India’s startup ecosystem declined in July.
Nykaa's net profit jumped 3x to Rs 79.76 crore in Q1, revenue +29%, EBITDA +68% YoY. Omnichannel retail at highest margins in 12 quarters demonstrates infrastructure scalability, signaling to tech leaders the viability of ecommerce-driven GTM in emerging markets.
Hello,
There’s a new startup in town.
And it’s Profound.
Former Swiggy and Zomato leaders Anuj Rathi and Prashant Parashar have launched an AI startup named Profound.
Profound is building an AI Rep, a personalised AI assistant that represents professionals.
Nykaa will acquire 51% stake in Aminu, a premium dermocosmetic skincare brand for a cash consideration of Rs 32 crore.
Nykaa's quarterly profit saw a significant increase, more than tripling year-on-year. Strong growth in the beauty business and…
Nykaa reports over three-fold quarterly profit growth, driven by strong demand in beauty and accelerating fashion sales.
Nykaa attributed the growth of its core platform business to a wider brand assortment and recent marketing investments, which it…
Nykaa's parent company, FSN E-Commerce Ventures, witnessed a remarkable four-fold surge in its March quarter net profit, reaching…
Nykaa operator FSN E-Commerce Ventures saw its shares fall despite a strong Q1 FY27 performance. Consolidated net profit more…
