Online beauty and fashion platform Nykaa announced its Q1 FY27 results today. The company reported a 29% year-on-year increase in operating revenue, while profit surged 3.3X to Rs 80 crore during the quarter. According to its financial statements filed with the National Stock Exchange (NSE), revenue from operations rose to Rs 2,782 crore in Q1 FY27 from Rs 2,155 crore in the year-ago quarter. The beauty segment remained the company's largest business, contributing over 90% of operating revenue at Rs 2,516 crore, while the fashion segment added Rs 253 crore, accounting for around 9% of the total. For Nykaa, Cost of materials remained Nykaa's largest expense, accounting for 57% of total expenditure at Rs 1,506 crore in Q1 FY27. Employee benefit expenses rose over 23% to Rs 225 crore, while finance, marketing, technology, and other overheads pushed the company's total expenditure to Rs 2,662 crore during the quarter. Strong revenue growth and better cost efficiencies helped Nykaa post a 3.3X jump in profit to Rs 80 crore in Q1 FY27 from Rs 24 crore in the year-ago quarter. Sequentially, the firm’s profit remained flat compared toRs 79 crorein the previous quarter. Separately, Nykaa approved the acquisition of a 51% stake in Aminu Wellness Private Limited for up to Rs 32 crore in cash. Incorporated in 2019, Aminu Wellness manufactures and sells skincare products. It had a turnover of Rs 19.4 crore in FY26. Nykaa said the acquisition will strengthen its presence in the premium beauty and personal care segment by adding Aminu's R&D capabilities and omnichannel distribution network. At the close of Tuesday's trading session, Nykaa's shares were priced at Rs 342.5, taking the company's market capitalization to Rs 98,088 crore (around $10.3 billion). Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
