Outcome of Board Meeting held on May 21, 2026
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FSN E-Commerce Ventures Limited (Nykaa) reported FY2026 consolidated revenue of Rs 10,022.35 crore, up 26.1% from Rs 7,949.82 crore in FY2025. Net profit after tax grew 31.2% to Rs 209.14 crore from Rs 159.55 crore. EBITDA margin expanded to approximately 4.5% from 3.6% in the prior year. The Board approved acquisition of an additional 24.17% stake in Earth Rhythm Private Limited (a subsidiary) for up to Rs 9.4 crore. Exceptional items included a Rs 19.34 crore arbitration award income (net), a Rs 10.38 crore warehouse theft loss, and Rs 16.36 crore for statutory impact of new Labour Codes. The auditor (S.R. Batliboi & Associates LLP) issued an unmodified opinion on the financial results. The Fashion segment remains loss-making at Rs 75.37 crore for the year.
Nykaa delivered strong top-line and bottom-line growth with margin expansion, driven by the Beauty segment. The ongoing losses in Fashion and the theft incident are watch items, but the overall financial performance is positive for shareholders.