Sells beauty, fashion and other lifestyle products to Indian consumers through its online platform, a network of 313 physical stores across 99 cities, and quick-commerce channels. Beauty accounted for 91.2% of segment revenue in FY26 at ₹9,139.49 crore, with Fashion at 8.3% (₹832.16 crore) and Others at 0.5% (₹50.7 crore). The beauty vertical recorded FY26 GMV of ₹15,000 crore at a 9.6% EBITDA margin, including the House of Nykaa owned-brands portfolio at ₹2,788 crore (+65% YoY); Nykaa Fashion generated ~₹5,000 crore of FY26 GMV (+30% YoY) and turned EBITDA positive at +0.3% in Q4 FY26. Across both verticals the platform sells more than 10,000 brands and serves over 55 million customers, with 1,500 new brands onboarded in FY26 alone. Other operating expenses (29.9% of revenue) and employee costs (7.7%) are the largest cost lines; depreciation is 3.2% and capex is 1.5% of revenue, reflecting an asset-light model. Plans to add 50-60 new stores in FY27 towards a target of ~500 stores in 3-4 years, and manages the Nike.com and Nike app end-to-end since February 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Beauty (91%), Fashion (8%), Others (1%). Asset-light, online-first multi-category retailer with a growing physical store network and in-house owned brands
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,774 | 5,144 | 6,386 | 7,950 | 10,022 |
| EBITDA (ex other income) | 163 | 256 | 346 | 474 | 735 |
| margin % | 4.3 | 5.0 | 5.4 | 6.0 | 7.3 |
| Owners' profit | 41 | 19 | 32 | 66 | 199 |
| EPS, as reported (₹) | 0.88 | 0.07 | 0.11 | 0.23 | 0.70 |
| ROE % · ROCE % | 3.1 · 5.6 | 1.5 · 6.4 | 3.1 · 10.0 | 5.4 · 12.9 | 13.6 · 24.1 |
| Debt / equity (x) | 0.25 | 0.33 | 0.53 | 0.72 | 0.50 |
| Cash from operations | (354) | (140) | 0 | 467 | 644 |
| Capex | (94) | (208) | (111) | (127) | (154) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,875 | 2,267 | 2,062 | 2,155 | 2,346 | 2,873 | 2,648 | 2,782 |
| Profit before tax | 21 | 45 | 40 | 44 | 55 | 110 | 122 | 129 |
| Net profit | 13 | 26 | 19 | 24 | 33 | 68 | 79 | 80 |
| EPS (₹) | 0.04 | 0.09 | 0.07 | 0.08 | 0.12 | 0.22 | 0.27 | 0.28 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Beauty | 9,140 | 91.2 |
| Fashion | 832 | 8.3 |
| Others | 51 | 0.5 |
| Total, before eliminations | 10,022 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ETERNAL LIMITED | 2,97,944 | 688.3 | 9.62 | 114.0 | 1.2 | 1.8 | — | 4.8 |
| MEESHO LIMITED |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Nykaa ESG rating upgraded to Strong by Crisil | business updates | medium | — | — |
| 5 Sept 2026 · Nykaa allots 180,870 equity shares under ESOP scheme | capital market events | low | — | — |
| 5 Sept 2026 · Nykaa completes 24.2% additional stake purchase in Earth Rhythm subsidiary | strategic transactions | medium | — | — |
| 26 Aug 2026 · Nykaa 14th AGM: All four resolutions passed, director re-appointments get lower support | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Summary of proceedings of Nykaa's 14th AGM held on August 25, 2026 | board shareholder meetings | medium | — | — |
| 25 Aug 2026 · Nykaa FY26 AGM: revenue crosses Rs 10,000 Cr, guides FY30 targets | investor communications | medium | — | — |
| 25 Aug 2026 · Nykaa AGM: FY26 EBITDA up 59%, FY30 targets 4-5x EBITDA, margins to mid-teens | investor communications | medium | — | — |
| 12 Aug 2026 · Nykaa subsidiary fully redeems NCDs | credit debt | medium | — | — |
| 9 Aug 2026 · Nykaa allots 226,200 shares to employees under ESOP | capital market events | low | — | — |
| 7 Aug 2026 · Nykaa Q1 FY27 transcript: revenue up 29%, EBITDA up 68%, PAT up 226% | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 1,01,132 |
| — |
| 23.06 |
| — |
| (31.0) |
| (27.2) |
| — |
| (3.0) |
| FSN E COMMERCE VENTURES ◆ | 98,692 | 387.1 | 65.70 | 129.3 | 13.6 | 17.8 | — | 8.8 |
| SWIGGY LIMITED | 72,888 | — | 3.98 | — | (22.7) | (20.4) | — | (6.4) |
| URBAN COMPANY LIMITED | 24,467 | — | 11.41 | — | (11.0) | (6.3) | — | (11.4) |
| CARTRADE TECH LIMITED | 14,820 | 63.7 | 5.66 | 43.4 | 9.3 | 10.5 | — | 44.0 |
| BRAINBEES SOLUTIONS LTD | 8,838 | — | 1.65 | 23.2 | (3.8) | (2.4) | — | 4.2 |
| RATTANINDIA ENT LIMITED | 3,857 | — | 5.01 | — | (21.6) | — | 844.9 | 2.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 387.1 | 13.5 | 9 of 10 | 11% |
| P/B | 65.7 | 4.5 | 12 of 12 | 0% |
| ROCE | 17.8 | 1.8 | 2 of 15 | 93% |
| ROE | 13.6 | 1.1 | 1 of 12 | 100% |
| Debt / Equity | 0.5 | 0.0 | 12 of 12 | 0% |
| EBITDA margin | 8.8 | 4.0 | 2 of 12 | 91% |
| Revenue growth | 29.1 | 16.3 | 6 of 13 | 58% |
| Profit growth | 225.9 | 30.7 | 3 of 10 | 78% |
| Market cap | 98692 | 2501 | 3 of 16 | 87% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
