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Nykaa said it currently serves 55 million consumers across beauty, fashion, wellness and related categories, with its addressable lifestyle market exceeding $100 billion. Over the last six years, the company's overall GMV has expanded more than sevenfold, driven by strong growth across its beauty, fashion and owned-brand businesses.
The beauty business, which exited FY26 with GMV of around Rs 15,000 crore, aims to grow GMV by 2-3 times by FY30, expand its consumer base to 100 million and increase its retail footprint to more than 600 stores from its current network.
Nykaa Fashion, which reported FY26 GMV of Rs 4,954 crore, is targeting 3-3.5 times GMV growth by FY30 with potential high single-digit EBITDA margins and progressing towards 10%+ steady-state profitability. The company plans to strengthen its premium fashion positioning and expand further across lifestyle categories.
House of Nykaa, the company's portfolio of beauty brands, is aiming to surpass Rs 5,000 crore in net sales value by FY30, supported by new product launches, premiumisation and expansion into high-growth categories. The segment recorded GMV of Rs 2,788 crore in FY26.
Meanwhile, Superstore by Nykaa, the company's B2B distribution platform, plans to cross Rs 3,500 crore GMV by FY30 and expand its retailer network to more than one million retailers across India.
Founder and CEO Falguni Nayar said rising affluence, digital adoption and evolving consumer aspirations are expected to drive India's lifestyle economy over the next decade. She also highlighted wellness and artificial intelligence as key growth drivers, with the company planning to embed AI across discovery, personalisation, merchandising and operations.
Nykaa is a consumer technology-led beauty and lifestyle company founded in 2012. The company has expanded from beauty into fashion and B2B businesses through platforms such as Nykaa Fashion, Nykaa Man and Nykaa Superstore, while also entering the Middle East through Nysaa. As of 31 March 2026, Nykaa served over 55 million customers through its online platforms and 331 offline stores. It owns a portfolio of beauty and fashion brands and partners with several global brands to help them enter and expand in India.
On a consolidated basis, FSN E-Commerce Ventures' net profit surged 286.49% to Rs 78.38 crore while net sales rose 28.44% to Rs 2648.17 crore in Q4 March 2026 over Q4 March 2025.
Consumer durables, IT and media shars advanced while metal, realty and auto shares declined.
At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 58.36 points or 0.08% to 76,866.84. The Nifty 50 index jumped 19.05 points or 0.08% to 24,011.40.
In the broader market, the BSE 150 MidCap Index gained 0.09% and the BSE 250 SmallCap Index added 0.36%.
The market breadth was strong. On the BSE, 1,820 shares rose and 1,032 shares fell. A total of 163 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 749.18 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 0.06 crore in the Indian equity market on 16 June 2026, provisional data showed.
Numbers to Track:
The yield on India's 10-year benchmark federal paper shed 0.12% to 6.858 compared with previous session close of 6.866.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.3900 compared with its close of 94.6000 during the previous trading session.
MCX Gold futures for 5 August 2026 settlement shed 0.20% to Rs 152,792.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 99.53.
The United States 10-year bond yield rose 0.16% to 4.428.
In the commodities market, Brent crude for August 2026 settlement fell 20 cents or 0.25% to $78.76 a barrel.
Stocks in Spotlight:
Wipro advanced 1.26% after the company announced the launch of its Applied AI Center of Excellence (CoE) for Claude models powered by Anthropic, reinforcing its commitment to accelerating enterprise AI adoption and impact. The CoE, a key initiative under the company's AI-Native Business & Platforms Unit, is aimed at scaling enterprise AI adoption and embedding AI capabilities into core business workflows across industries.
Nykaa added 2.33% after the company announced a partnership with OpenAI to enhance shopping experiences through artificial intelligence and enable users to access its product catalogue directly via ChatGPT. The collaboration aims to improve product discovery and customer engagement through AI-powered solutions.
Bharat Forge shed 0.08%. The company announced that its subsidiary, Kalyani Strategic Systems (KSSL), in collaboration with Paramount, showcased the Simha 4x4, a next-generation light armoured multi-purpose vehicle, at Eurosatory 2026.
Global Markets:
Asia markets traded mostly lower Wednesday as traders looked ahead to the US central bank’s interest rate decision.
Wednesday’s Federal Open Market Committee meeting marks the first one with new Chairman Kevin Warsh at the helm of the U.S. central bank. Investors are largely expecting that the Fed will keep interest rates unchanged at a target range of 3.5% to 3.75%.
Meanwhile, Japan’s exports in May grew at their fastest pace since November 2022, rising 17% year on year, driven by robust demand for cars and semiconductors. Growth was higher than the 16.2% figure that was widely reported in the media, and up from the 14.8% in April.
Overnight on Wall Street, the Dow Jones Industrial Average rose to a record high on Tuesday as investors rotated out of chipmakers and into cyclical stocks amid declining oil prices.
The 30-stock index advanced 328.64 points, or 0.64%, for a record close of 51,999.67. It scored a new all-time intraday high of 52,190.29 in the session. The S&P 500 fell 0.57% and ended at 7,511.35, while the Nasdaq Composite pulled back 1.15% to 26,376.34.
For the full year,net profit rose 201.82% to Rs 199.44 crore in the year ended March 2026 as against Rs 66.08 crore during the previous year ended March 2025. Sales rose 26.07% to Rs 10022.35 crore in the year ended March 2026 as against Rs 7949.82 crore during the previous year ended March 2025.
Consolidated net revenue is expected to rise in the high twenties, marking the company’s fastest growth in the past 12 quarters, driven by sharp acceleration in the fashion vertical and sustained strength in the beauty business.
For FY26, NSV growth is likely to improve to the high twenties, up from mid-twenties over the past two years. Net revenue is projected at the upper-mid twenties, reflecting steady performance across segments.
The beauty vertical continued its strong momentum, with GMV, NSV, and net revenue growth in the high twenties. Strong conversion metrics, omnichannel execution, and accelerated growth in House of Nykaa supported overall performance.
Nykaa recorded its highest-ever quarterly retail expansion, adding 26 new stores and integrating 11 Kiehl’s outlets in Q4, taking the total store count to 313 as of 31 March 2026.
The fashion vertical showed sharp recovery, with GMV growth in the high twenties and NSV growth in the low forties. Net revenue growth in the segment improved to the high thirties, driven by better platform traction, robust customer acquisition, and an expanding brand portfolio. Strategic initiatives, including the Nike partnership and Pink Love Sale, further supported growth.
The company noted that geopolitical developments in West Asia had no material impact during the quarter, with the Middle East contributing less than 1% to overall revenue.
The quarter’s performance underscores Nykaa’s strengthening growth trajectory, supported by balanced momentum across beauty and fashion segments.
FSN E-Commerce Ventures (Nykaa) journey began in 2012 as a digital-first, consumer tech beauty company. It has expanded its offerings to include fashion and B2B, launching platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore.
The company’s consolidated net profit climbed surged 142.38% to Rs 63.31 crore on 26.73% increase in revenue from operations to Rs 2873.26 crore in Q3 FY26 over Q3 FY25.
Tata Steel, Baazar Style Retail, Shipping Corporation of India, Lemon Tree Hotels, Whirlpool of India, Sun TV Network, Shree Cement, Sonata Software, BEML, BLS International Services, Bosch, Centum Electronics, CESC, Crompton Greaves, JK Tyre & Industries, Jana Small Finance Bank, Jubilant Pharmova, Kalpataru, Kalyan Jewellers India will declare their result later today.
Stocks to Watch:
Bharti Airtel reported a 55.14% decline in consolidated net profit to Rs 6,630.5 crore, despite a 19.62% jump in revenue from operations to Rs 53,981.6 crore in Q3 FY26 over Q3 FY25.
Berger Paints reported 8.1% decline in consolidated net profit to Rs 271.16 crore despite 0.3% rise in revenue from operations to Rs 2983.97 crore in Q3 December 2025 over Q3 December 2024.
FSN E-Commerce (Nykaa)’s consolidated net profit surged 142.4% to Rs 63.31 crore on 26.7% increase in revenue from operations to Rs 2973.26 crore in Q3 FY26 over Q3 FY25.
Tata Motors Passenger Vehicles reported consolidated net loss of Rs 3,486 crore in Q3 FY26 compared with net profit of Rs 5406 crore in Q3 FY25. Revenue from operations fell 25.81% YoY to Rs 69,605 crore during the quarter.
Life Insurance Corporation of India (LIC)’s consolidated net profit climbed 17.5% YoY to Rs 12,930.44 crore in Q3 FY26. Total income jumped 15.7% YoY to Rs 236,776.30 crore during the quarter.
Bharti Hexacom recorded a 48.7% jump in standalone net profit to Rs 481.29 crore on 4.8% rise in revenue from operations to Rs 2,359.90 crore in Q3 FY26 over Q3 FY25.
Hero Motocorp’s consolidated net profit climbed 19.6% to Rs 1438.88 crore on 20.7% jump in revenue from operations to Rs 12,328.38 crore in Q3 FY26 over Q3 FY25.
EBITDA grew 63% YoY to Rs 230 crore in Q3 FY 2026. EBITDA margins expanded to 8.0% in Q3 FY2026 as against 6.2% in Q3 FY2025. Consolidated GMV grew 28% to Rs 5,795 Cr in Q3 FY2026.
Beauty business’ gross merchandise value (GMV) jumped 27% YoY to Rs 4,302 core during the quarter, supported by sustained momentum across e-commerce, physical retail, and owned brands under the House of Nykaa
House of Nykaa – Beauty and Fashion GMV for the quarter stood at Rs 872 crore, registering a robust 48% YoY growth.
Falguni Nayar, executive chairperson, founder and CEO Nykaa said, “Q3 FY2026 marked a record quarter for Nykaa, with our highest-ever GMV and EBITDA margin, while sustaining our long-term growth trajectory. Over a 13-year journey, Nykaa has evolved into a multi- platform lifestyle business addressing more than $100 billion beauty and fashion opportunity and serving over 52 million customers across One Nykaa. This performance reflects steady execution against our strategic priorities, as we continue to invest in assortment expansion, offline growth, and technology-led discovery, alongside a disciplined focus on efficiency. These foundations position us well for sustained, long-term growth.”