WEDNESDAY, 7 OCTOBER 2026

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Today in Indian Retail

Ecommerce

Nykaa posts ₹7,374 crore 9M revenue on 25 pc growth

Beauty and fashion platform’s One Nykaa model with owned brands drives GMV; D2C sellers and offline beauty counters watch the share grab.

, Editor··4 min read

Rows of cosmetic bottles and compact cases arranged on clean white shelves under soft retail lighting
Rows of cosmetic bottles and compact cases arranged on clean white shelves under soft retail lighting

FSN E-Commerce Ventures, parent of Nykaa, reported 9M FY26 revenue of ₹7,374 crore, up 25 per cent, according to a 27 September 2026 industry round-up. The One Nykaa approach integrating owned brands, global alliances and logistics underpins the gain in beauty GMV and fashion.

Nykaa’s nine-month topline reflects stronger owned-brand contribution and curated international labels moving through its platform and physical stores. Growth outpaced several multi-brand apparel peers in the same period.

Beauty counters and kirana-adjacent chemists see shoppers shift repeat purchases of serums and makeup to Nykaa’s app or store, cutting into traditional distributor volumes for the same SKUs.

Nykaa’s 9M FY26 revenue of ₹7,374 crore reflects growing dominance in beauty and fashion.

The performance helps Nykaa while squeezing pure-play D2C beauty labels that lack the same logistics density and pressures department-store beauty bays on conversion. Reliance and Shoppers Stop continue premiumisation plays in parallel.

Watch the full-year FY26 filing and any festive campaign spend numbers for owned brands in the coming weeks.

Filed under Ecommerce·Ananya Rao

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