Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q2FY26 results Consolidated GMV grew 30% to Rs 4,744 crore. Revenue from Operations grew 25% YoY to Rs 2,346 crore in Q2FY26. This marks the 12th consecutive quarter of ~mid20s growth. Gross Profit grew 28% YoY to Rs 1,054 crore in the quarter, highest gross margin in last 12 quarters. EBITDA grew 53% YoY to Rs 159 crore. EBITDA margins expanded to 6.8% in Q2FY26 vs 5.5% in Q2FY25, highest since IPO. Net Profit for the period (PAT) was Rs 33 crore, up 154% YoY in Q2FY26. Falguni Nayar, Executive Chairperson, Founder & CEO, Nykaa, said: “Our performance this quarter reflects accelerated growth momentum across Nykaa, with each of our businesses contributing meaningfully to this trajectory. The Beauty business continues to deliver consistently, achieving over 25% GMV growth for several consecutive quarters. This quarter saw accelerated brand launches, particularly across Luxury and Korean Beauty, alongside the addition of 19 new stores, further strengthening our omnichannel presence. Through Nykaa Now, our rapid delivery model, we are able to deliver unparalleled convenience to consumers without compromising on assortment. Our House of Nykaa portfolio recorded an impressive 54% YoY GMV growth, driven by sustained momentum in our owned beauty brands, which continue to resonate deeply with consumers. The Fashion business delivered 37% YoY GMV growth, complemented by the introduction of globally trending brands this year such as GAP, Guess, and H&M;, reinforcing our differentiated curation and growing appeal in premium fashion. Even our customer acquisition has accelerated, now with 49 million cumulative customer base across beauty & fashion. Strategically, this has been a pivotal quarter, one where our long-term growth pillars have translated into near-term acceleration, underscoring the strength and scalability of the Nykaa ecosystem.” Result PDF