FSN E-Commerce Ventures Limited, operating as Nykaa, reported a 154 per cent year-on-year increase in net profit to ₹33 crore for the quarter ended September 30, 2025. The company’s consolidated revenue from operations grew 25 per cent to ₹2,346 crore, marking the 12th consecutive quarter of mid-20s growth.

The Mumbai-based beauty and fashion retailer’s gross merchandise value reached ₹4,744 crore, up 30 per cent from the previous year. EBITDA expanded 53 per cent to ₹159 crore, with margins improving to 6.8 per cent from 5.5 per cent in the same quarter last year. The company stated this was the highest EBITDA margin since its initial public offering.

Beauty leads the way

Nykaa’s beauty business drove the performance with GMV growing 28 per cent to ₹3,551 crore. The segment now serves

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