Nykaa's profit grew by 206% in the second quarter of fiscal year 2027, driven by strong performance in beauty and quick commerce segments

FSN E-Commerce Ventures, the parent company of cosmetics retailer Nykaa, demonstrated an almost threefold increase in net profit in the second quarter of the fiscal year 2026-2027 (Q2FY27). This growth is attributed to the accelerated development of premium cosmetics and improved operational efficiency of the company.

The company's net profit for Q2FY27 increased to 101.19 crore rupees, compared to 32.98 crore rupees for the same period last year. The consistent growth in net profit amounted to 26.8 percent.

The company's operating revenue for Q2FY27 grew by 28 percent year-over-year (Y-o-Y) to reach 3,006.04 crore rupees, whereas last year this figure was 2,345.98 crore rupees. In the first quarter of FY27, revenue stood at 2,782 crore rupees.

Year-over-year expenses also rose by 24.7 percent, totaling 2,867.05 crore rupees. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter increased by 65 percent Y-o-Y, reaching 263 crore rupees, with the margin expanding to 8.7 percent in Q2FY27.

Falguni Nayar, Executive Chairperson, Founder, and CEO of Nykaa, noted that the results of this quarter reflect the strength of the Nykaa ecosystem, where each business contributes to growth and productivity. She added that the company continued to improve operational efficiency, especially in marketing and overhead costs. Growth is observed in the beauty and fashion segments, while House of Nykaa and Wellness provide significant opportunities for long-term development.

The company's beauty vertical showed a 25 percent Y-o-Y growth in Gross Merchandise Value (GMV), reaching 4,454 crore rupees, thanks to the sustained development of its omnichannel presence, supported by new customer acquisition and repeat purchases. The company reported that this includes metrics from e-commerce, physical stores, eB2B distribution, and the House of Nykaa Beauty portfolio.

Nykaa Now's express delivery vertical expanded to 15 cities, with plans to reach over 25 cities by the end of FY27. Nykaa Now offers over 1000 brands and a depth of beauty and personal care (BPC) inventory more than twice that of standard express delivery. The statement emphasized that carefully selected premium and luxury offerings resonate with consumers, leading to an average transaction value three times higher than the average transaction value in the express delivery BPC category.

The fashion segment also demonstrated growth, increasing GMV by 42 percent Y-o-Y to 1,674 crore rupees. Nykaa currently has 338 offline stores and added 73 new stores over the year.

House of Nykaa achieved an annual GMV rate of 4,000 crore rupees. To date, the portfolio has served over 19 million customers. The company stated that House of Nykaa continues to strengthen its relevance to consumers and open new growth opportunities through innovations in products, packaging, and formulations. It was also noted that Dot & Key released eight new shades of its Tinted Sunscreen, as well as Dragon Fruit Jelly Bounce Moisturiser. Kay Beauty entered the skincare segment this quarter, marking its first year of operation in the UK through its presence on Space NK and TikTok Shop.

The company's B2B distribution channel, Superstore by Nykaa, reached a GMV of 328 crore rupees. The base of registered retailers grew by 27 percent Y-o-Y, exceeding 550,000. During the quarter, Superstore strengthened its portfolio with next-generation brands in skincare, makeup, and wellness, including Recode, Lacto Calamine, Clay Co., BLA BLI BLU, Renee & Love Earth, and others.

Shares of Jio Platforms, owned by Mukesh Ambani, successfully debuted in the market. Following an impressive listing day, Jio Platforms shares continued to rise on Thursday, showing a significant surge.

Not only did Ambani's shares demonstrate growth, but Piramal Pharma shares, the company of Mukesh Ambani's in-laws, also showed a sharp jump. While Jio grew by over 16% at its listing, it continued to rise on Thursday, bringing returns to investors.

Looking at the dynamics of Jio Platforms shares on the second day after going public, it is worth noting that they debuted in the market with a gain of 21 percent. By the close of trading, this figure exceeded 25%, reaching the mark of 1419 rupees. On Thursday, strong trading was also observed; the shares opened at 1445.90 rupees and quickly rose to 1489.70 rupees.

While Mukesh Ambani's Reliance Industries shares traded sluggishly after the Jio Platforms listing, Piramal Pharma shares, the company of Mukesh Ambani's in-laws, looked like a rocket. These pharmaceutical shares closed at 230.60 rupees, which is 16 percent higher than the previous closing on October 27, when the price was 199.75 rupees. On Wednesday, Piramal Pharma shares soared, and on Thursday, they maintained high momentum, although the growth rate was slightly slower compared to the previous close, trading with a rise of about one and a half percent at 239.54 rupees.

The significant growth of Piramal Pharma shares over two days led to an increase in the company's market capitalization by approximately 18 percent. The level of 239.54 rupees on Thursday was the highest in 52 weeks. As of the time of writing, Piramal Pharma's market capitalization reached 31,060 crore rupees. Over the last six months, this share of Mukesh Ambani's in-laws has grown by 47 percent.

Mukesh Ambani's daughter and Nita Ambani's daughter, Isha Ambani, married into the Piramal family on December 12, 2018, to Anand Piramal. Her father-in-law is Ajay Piramal, who heads the Piramal Group, which is among the country's major corporate dynasties. Ajay Piramal is considered one of the prominent industrialists. His company, Piramal Enterprises, operates in pharmaceuticals, healthcare, and financial services. The Piramal Group's branches are present in 30 countries worldwide. Piramal began his business career in the textile industry in 1977 at the age of just 22 and gained particular fame in the pharmaceutical sector.

Nazara Technologies announced on Monday that it achieved a profit after tax of approximately 35.3 crore rupees for the quarter ending September 30, 2026. This figure contrasts with a loss of approximately 34 crore rupees in the same period last year, as the gaming company demonstrated a 'record quarter' in revenue.

In the second quarter of the fiscal year 2026-27, revenue increased by 53% compared to the previous year, reaching a record 803 crore rupees. The EBITDA figure, which reflects the company's operating profitability, grew by 93% to 120 crore rupees, while the margin expanded by 311 basis points to 14.9%.

Profit after tax from continuing operations was 35 crore rupees, whereas in the second quarter of fiscal year 2026, there was a loss of 34 crore rupees. The second quarter of fiscal year 27 was the first to include Bluetile and BestPlay, consolidated from August 1. These two businesses generated revenue of 329 crore rupees (a 49% increase) and EBITDA of 64 crore rupees (a 64% increase) in their first two months, with a margin of 19.4% compared to 17.5%.

Game revenues grew by 122%, reaching 656 crore rupees, corresponding to an EBITDA margin of 21.5% and accounting for 82% of total consolidated revenue. Meanwhile, mobile game revenue jumped by 167%, amounting to 550 crore rupees.

Among existing studios, WildWorks showed a revenue growth of 41%, Kiddopia of 21%, and Curve Games of 27%, with Curve's EBITDA growing by 61%. Raymond A. Stauffer, CEO of Nazara Technologies, noted: 'This quarter demonstrates the company we are building: a portfolio of high-quality games on a single, unified platform.'

He added that 'every game we launch and every studio we acquire benefits from proven capabilities from the start, allowing us to scale faster and more profitably.' Stauffer, founder of Bluetile and BestPlay, took over as CEO on September 16. Mitun Sachati, founder of CaratLane, joined as Executive Director on October 12, subject to shareholder approval, and Arun Agarwal assumed the role of CFO on October 16. It is reported that the team as a whole will bring global gaming, operational, and financial experience to scale the Nazara platform.