Nykaa Share Price Surges 5.34% to Rs. 259 on Strong Q2FY26 Profit Growth

Overview

• Nykaa's net profit surged 3.4x in Q2FY26 to Rs. 34.43 crore. Revenue saw a 25.1% YoY rise.

• EBITDA increased 53% YoY to Rs. 159 crore, while GMV rose 30%, reflecting operational efficiency and growth.

• Physical store expansions to 265 locations and the addition of global fashion brands are supportive of sustained market momentum.

Shares of FSN E-Commerce Ventures, the parent company of beauty and fashion retailer Nykaa, surged in trade at press time. The hike in Nykaa's share price came after the company reported good second-quarter earnings for FY26. The stock surged 5.34% with intraday highs to Rs. 259 per share at press time, the most in a day since October 6. It even outperformed Nifty 50, which increased 0.45% in the same period. Let’s explore an in-depth Nykaa share price analysis based on Moneycontrol data. 

Current Market Performance

Nykaa has been among the best performers in 2025, rallying around 56% year-to-date basis against an 8% gain in Nifty 50 Index. Nykaa stock was trading at a market capitalization of around Rs. 73,543 crore and continues to remain in the limelight with today's trading volume already nearly 10 times the average 30-day daily volume.

Nykaa share price chart on Moneycontrol shows gains of 7.29%:

Nykaa Q2 Results

The company reported a robust 3.4-fold jump in net profit to Rs. 34.43 crore in Q2  FY26 from Rs. 10.04 crore in the corresponding period last year. Revenue from operations increased 25.1% on a year-on-year basis to Rs. 2,345.98 crore from Rs. 1,874.74 crore in Q2FY25. This is in continuation of the mid-20s revenue growth the company has maintained for the last 12 quarters. On the expense side, the company reported a 23.5% rise in quarterly expenditure to Rs. 2,297.59 crore.

Nykaa's EBITDA (earnings before interest, taxes, depreciation, and amortization) also increased 53% year-over-year to Rs. 159 crore, with margins expanding from 5.5% in Q2FY25 to 6.8% this quarter. And their gross merchandise value (GMV) also improved significantly, growing 30% year-over-year to Rs. 4,744 crore. All these financial metrics caused the stock to show positive movement in today's trading session.

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Business Growth

Physical retail has also been expanding steadily, with Nykaa operating 265 stores across 90 cities versus 250 stores in the previous quarter. The cumulative customer base has reached 49 million, with about 40 million beauty customers, reflecting strong consumer engagement across its offerings.

Founder and Chief Executive Officer Falguni Nayar highlighted sustained growth across Nykaa's beauty and fashion businesses. The beauty business continues to deliver GMV growth above 25% every quarter for the last few quarters, while the fashion business achieved a 37% YoY GMV increase. Nykaa's recent addition of global brands such as GAP, Guess, and H&M has strengthened its appeal in the premium fashion segment and contributed to overall revenue growth.

Analysts' Sentiments

Analysts on Moneycontrol have noted that Nykaa shares have been performing strongly and revised their growth outlook. Nomura, maintaining a 'Neutral' rating on the stock, sees BPC growing 27-28% year-on-year through FY26-28, while the fashion segment is also likely to sustain healthy momentum, driven by the eightfold increase in its GMV run rate over the past four years; it is estimated to grow 35% in FY26.

Nomura has raised estimates of revenue by 4-7% for both segments. It has maintained EBITDA margin estimates at 7.2-9.2%, which has increased the projected EPS by 3-7% for FY26-28. The brokerage estimated the target share price at Rs. 262.

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Investor Outlook

Nykaa Q2 results show strong financial and operational growth, with sustained momentum across its beauty and fashion businesses. There has been an impressive intraday gain for the stock, as investors go ahead with optimism over solid earnings, expanding retail presence, and positive brokerage outlooks. With the company continuously innovating and expanding its product offerings, Nykaa remains a closely watched stock in the Indian market.

FAQs

1. Why did Nykaa share price jump today?

The stock surged today following a hefty expansion in Q2FY26 net profit and stable operational revenue growth. The earnings report, growing GMV, and increase in store count bolstered optimism among investors.

2. What was Nykaa's net profit for Q2FY26?

The net profit for Q2FY26 was 3.4 times greater YoY at Rs. 34.43 crores, up from Rs. 10.04 crores in the prior year, thanks to solid operational performance and cost management.

3. What was the revenue growth for Nykaa in Q2FY26?

Revenue from operations rose 25.1% YoY to Rs. 2,345.98 crore from Rs. 1,874.74 crore in Q2FY25, marking another quarter of mid-20s revenue growth for the company.

4. How did Nykaa's physical stores contribute to growth?

Overall, Nykaa operated 265 stores across 90 cities compared to 250 last quarter, which again offers additional offline sales channels, customer engagement, and a supplement to online growth, and is key to driving overall revenues.

5. What did analysts say about Nykaa's future earnings?

Analysts, including Nomura, kept their ‘Neutral’ rating and expect to see continued growth in the beauty segment and fashion categories. Upwardly revised revenue estimates, while EBITDA margin forecasts were kept constant, suggest the potential for solid operating earnings growth thereafter through FY26-28 timeframe.