Part of FSN E-Commerce (Nykaa)
Nykaa
Nykaa is growing fast, with September-quarter GMV growth around 30%, NSV up in the early 30s and fashion NSV tracking late-40s growth (The Hindu BusinessLine, 5 Oct). It is also spending on acquisitions, including a 51% stake in Aminu Wellness (NDTV Profit, 25 Sept).
What it means
Nykaa's scale now pays for itself: room for new stores and brand exclusives.
Reported: Net profit +226% on revenue +29% in Q1 FY27.
Watch: Q2 FY27 results, expected early Nov — net profit growth drops below revenue growth.
Before its next results, expected early Nov:Before then:
- Affected
- Meesho — facing a better-funded NykaaDo now: By early Nov: defend your strongest catchments: it has profit to spend where it competes with you.
- Beauty brands Nykaa stocks across its 338 stores (CNBC-TV18, ) — a stronger buyer at the tableDo now: By early Nov: expect firmer terms from it; lock volumes and prices.
- Mall landlords behind its 14 net new stores in Q2 FY27 (CNBC-TV18, ) — faster openings aheadDo now: By early Nov: pitch your best sites to it now; profit like this funds faster openings.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Elara's Karan Taurani backs Nykaa, Trent and United Spirits as GST cuts lift discretionary demandReported: Watch:
- Reported: Nykaa’s minority-investment partnership with L’Oréal BOLD strengthens its ability to secure early access to high-growth Indian beauty and wellness brands while deepening platform differentiation.Reported: Nykaa has partnered with L’Oréal’s BOLD investment arm to take minority stakes in high-growth Indian beauty, personal-care and wellness companies, extending its role from retailer to brand incubator.Watch:
Footprint: where Nykaa opened
1 store opening in 1 city on record since May 2026; 1 announced plan.
- Delhi NCR1 opening
Background
From 6 stories, the newest dated 12 Oct 2026. Summary written 13 Oct 2026.
Show 3 paragraphs and 6 sources
Nykaa is a digital-first retail brand that is expanding offline, with 338 stores, Storyboard18 reported in October 2026.[1] source: Storyboard18 It runs House of Nykaa, a portfolio that includes Kay Beauty, Dot & Key, Earth Rhythm, Nykaa Cosmetics and Nykaa Wanderlust.[2] source: Fortune India Third-party brands also sell through it: Bobbi Brown stocked its Rs 2,500 Lip Tint Liner at Nykaa and other retailers from a launch on October 1.[3] source: BW Retail World
House of Nykaa's portfolio reached ₹2,032 crore in annualised net sales value in Q1 FY27.[2] source: Fortune India Kay Beauty recorded an annualised net sales value run rate of ₹300 crore in the same quarter.[2] source: Fortune India Financial Express reported in October 2026 that Kay Beauty reached Rs 380 crore GMV in FY26, up from Rs 240 crore the previous fiscal.[4] source: Financial Express Kay Beauty is expanding overseas through Space NK in the UK and Nysaa in the GCC.[2] source: Fortune India Nykaa is considering a majority stake in 82°E, whose revenue fell 36% in FY25 to Rs 15.2 crore.[4] source: Financial Express Nykaa guided high-twenties percentage net revenue growth for Q2 FY27.[5] source: Inc42
Elara Capital's Karan Taurani named Nykaa, Trent and United Spirits as his preferred picks in October 2026.[6] source: CNBC-TV18
Sources
Questions about Nykaa
How many Nykaa stores are there?
Nykaa had 338 stores, according to a Storyboard18 report in October 2026 that described it as a digital-first brand expanding offline.[1] source: Storyboard18
What is Nykaa's current strategy in India?
In October 2026, Nykaa was considering a majority stake in 82°E.[4] source: Financial Express Its Kay Beauty brand is expanding overseas through Space NK in the UK and Nysaa in the GCC.[2] source: Fortune India Nykaa also has 338 stores as it expands offline.[1] source: Storyboard18
More stories about Nykaa
- Nykaa completes purchase of an additional 24.2% stake in Earth Rhythm
- Nykaa lifts gross margin to 45.9% as inventory-led beauty model scales
- Nykaa Q1 profit more than triples to ₹79.8 Cr as revenue rises 29%
Stories that mention Nykaa
13 stories
Nykaa is named in these stories but is not their subject.
- Mamonde names Nitanshi Goel its first India brand ambassador, exclusive to Nykaa
- KISAH raises ₹35.9 Cr Series A led by Fireside Ventures, plans to grow from 12 stores to around 100
- Kiro Beauty looks beyond lips, aims to lift face share to ~40% and reach ₹200 crore ARR this fiscal
- Goyal presses Estée Lauder to expand India manufacturing and sourcing, and urges Blackstone to deepen its investment
- DMart Q2 revenue up 18.4% to Rs 19,206 crore; V2 Retail grows 28.4% while Baazar Style falls 10%
- Nykaa Cosmetics taps Rasha Thadani, Rohit Saraf for 'Love At First Swipe' Lovestruck lipstick films
- UPI MDR above ₹2,000 could raise costs for Nykaa, DMart and other high-basket retailers
- SUGAR Cosmetics raises ₹145 crore at a valuation cut of up to 80%
- CMS Info Systems targets 20%+ revenue from technology and payments by FY30
- Typsy Beauty raises ₹20 crore to scale quick commerce and offline distribution
- Spotify launches Premium Rewards in India with retail and travel partner offers
- Analysts recommend holding Dabur shares for a two-year horizon
- Yves Rocher enters India exclusively through Nykaa