The company popularly known as Nykaa, is an Indian consumer technology company operating across beauty, personal care, fashion and related categories. The company began as a digital-first beauty platform and has expanded into omnichannel retail, owned brands, fashion and B2B distribution.
The shares of Nykaa are currently trading at Rs. 332.00, down by 0.91%. The company has a market capitalization of 95,094.59 crore. The stock’s 52 week high is Rs. 349.55 and its 52 week high is Rs. 227.90. In the past 6 months the stock has delivered a return of 36.05%.
What’s The News
FSN E-Commerce Ventures Limited, also known as Nykaa, and BOLD, a corporate venture capital fund of L’Oreal, are partnering to nurture the future crop of Indian beauty and personal care brands.
The two organizations would be making investments into promising Indian startups in the beauty, personal care and wellness space, which have good consumer acceptance and unique product offerings, by taking minority equity stakes.
The partnership will combine Nykaa’s consumer ecosystem, omnichannel retail network and understanding of the Indian market with L’Oréal’s global beauty expertise, network and mentoring capabilities. The companies said the objective is to help promising Indian beauty businesses scale while allowing founders to continue running their brands independently.
Neither Nykaa nor L’Oréal has disclosed the names of the startups that will receive investment under the new collaboration or the timeline for the first investments.
Nykaa Completes 51% Acquisition of Aminu Wellness
Additionally, Nykaa has successfully completed the acquisition of 51% stakeholding in Aminu Wellness Private Limited on a fully diluted basis post the approval by the Board of Directors in the month of August 2026.
The acquisition has been completed on 24th September 2026, once all transaction documents have been signed and the shareholding has been allotted to the demat account of Nykaa. The acquisition has made Aminu Wellness a subsidiary of Nykaa.
The acquisition of 51% stake has been approved by Nykaa at an amount of Rs. 32 crores. Aminu Wellness is in the beauty and personal care product industry with a specialization in skincare products. The company was incorporated in June 2019. It has manufacturing expertise in cosmetic products.
Strategic Significance
Both the two initiatives add value to Nykaa as a beauty retailer since it is able to not only access emerging consumer brands but also scale the businesses through its retail and distribution network via the BOLD program.
The Aminu Wellness acquisition means that Nykaa is now in control of a majority-owned beauty and personal care business which specializes in skincare.
By June 30, 2026, Nykaa had reportedly provided services to over 60 million customers using its online platforms and run 324 offline beauty destinations. Some of the owned brands from the company include Nykaa Cosmetics, Dot & Key, Kay Beauty, Nykaa Collections and Earth Rhythm.
Financial Performance
Looking at the quarterly results of FSN E-Commerce Ventures Limited (Nykaa), the company’s consolidated revenue from operations increased by 29.10 percent YoY, from Rs. 2,154.94 crore in Q1 FY26 to Rs. 2,782.00 crore in Q1 FY27, and grew by 5.05 percent QoQ from Rs. 2,648.17 crore in Q4 FY26. The company’s consolidated total income stood at Rs. 2,791.31 crore in Q1 FY27, compared with Rs. 2,164.27 crore in Q1 FY26 and Rs. 2,657.32 crore in Q4 FY26.
In Q1 FY27, Nykaa’s consolidated net profit increased by 225.95 percent YoY, reaching Rs. 79.76 crore, compared with Rs. 24.47 crore in Q1 FY26. On a sequential basis, consolidated net profit increased by 1.28 percent from Rs. 78.75 crore in Q4 FY26. The profit attributable to equity shareholders of the parent stood at Rs. 80.01 crore, compared with Rs. 23.32 crore in Q1 FY26 and Rs. 78.38 crore in Q4 FY26.
The company’s basic and diluted earnings per share stood at Rs. 0.28 in Q1 FY27, compared with Rs. 0.08 in Q1 FY26, registering an increase of 250 percent YoY. On a sequential basis, EPS increased from Rs. 0.27 in Q4 FY26 to Rs. 0.28 in Q1 FY27.
Investor Perspective
Collaboration with L’Oréal’s BOLD unit and acquisition of Aminu Wellness can be seen as two different paths to extend Nykaa’s beauty ecosystem. Whereas the partnership with BOLD will revolve around minority investments in emerging companies, the acquisition of Aminu Wellness means Nykaa owning a majority stake in an already established skincare-focused company.
In future, investors may keep a tab on the number of investments done through the BOLD-Nykaa partnership, performance and integration of Aminu Wellness, number of brands being developed internally by Nykaa and their contribution to its revenues.
Company Overview
FSN E-Commerce Ventures Limited, better known as Nykaa, is an India-based consumer technology company that operates within the beauty and personal care, fashion, and other segments. It started out as a beauty platform that leverages technology but has since diversified to include omni-channel retailing, owned brands, and fashion and B2B distribution.
The company has also been diversifying its owned brands by leveraging its e-commerce platforms and physical store network to give access to beauty brands in the domestic and international markets. Nykaa has also extended its operations into the beauty segment in the Middle East region through its Nysaa platform.