Nykaa Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter

The Nykaa Q2 results FY27 announcement is the next scheduled earnings event for FSN E-Commerce Ventures Ltd., operates an online and offline beauty, personal care and fashion retail platform under the Nykaa brand. The stock traded at Rs 342.35 on the NSE on 15 September 2026, down 0.62% from the previous close of Rs 344.50, about 2.1% below its 52-week high of Rs 349.55 and 50.2% above its 52-week low of Rs 227.90.

What makes the Nykaa Q2 results print worth watching is the base it faces. The September 2025 quarter delivered Rs 2,346.00 crore of revenue and a profit of Rs 33.00 crore, while the most recent quarter on record, Q1 FY27, produced Rs 2,782.00 crore and a profit of Rs 80.00 crore. Everything below is built from those reported figures rather than from any forecast.

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When Is the Nykaa Q2 Results FY27 Date?

The Nykaa Q2 results date for FY27 is not confirmed. As of 15 September 2026, FSN E-Commerce Ventures Ltd. had not filed a board meeting intimation with the NSE or BSE for the September 2026 quarter, so any date circulating before that filing appears should be treated as unverified.

What can be stated is the regulatory boundary. Listed companies in India must publish quarterly results within 45 days of the end of the quarter, which places the outer deadline for the September 2026 quarter at 14 November 2026. Companies also have to give the exchanges prior intimation of the board meeting that approves the results, so the Nykaa Q2 results date becomes public through that filing rather than through any advance announcement.

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The Nykaa Q2 results FY27 print covers 1 July 2026 to 30 September 2026. Small and mid-cap companies more often report in the second half of that window than in the first, so late October or early November is the range to watch for Nykaa.

Nykaa Q2 Results Expectations: What the Market Is Actually Tracking

No verified analyst estimate for the Nykaa Q2 results FY27 quarter is in the public domain, so no revenue or profit figure should be assumed for Nykaa. The Nykaa Q2 results watchlist below is built from what the company has actually reported and disclosed.

Investors tracking Nykaa Q2 results will be watching whether the beauty and personal care platform can sustain the margin and profit gains seen through FY26, after revenue rose from Rs 2,155 crore in the June 2025 quarter to Rs 2,782 crore in June 2026. Operating margin expanded gradually from 7% in June and September 2025 to 8% from December 2025 onward, while net profit rose steadily across every quarter in the data set, from Rs 24 crore in June 2025 to Rs 80 crore in June 2026. The December 2025 revenue jump to Rs 2,873 crore, the highest of the five quarters, lines up with the festive and holiday shopping season that typically falls in that quarter for e-commerce businesses. Whether the September 2026 quarter continues this steady improvement, or reflects a step down as it typically follows the festive quarter, will be the central question for investors.

Nykaa trades at a trailing P/E of 371 and roughly 68.2 times book value, among the richest valuations in this set of companies, which means the stock’s reaction to the September 2026 quarter results could be more pronounced than the underlying earnings change itself, given how much growth is already priced in. The company does not pay a dividend, directing its capital instead toward growth in its beauty, personal care and fashion retail operations. Net profit of Rs 80 crore in June 2026, though the highest in the five-quarter data set, remains modest in absolute terms relative to the roughly Rs 98,675 crore market capitalization, underscoring how much of the valuation rests on expectations for future growth rather than current profitability.

Investors will also be watching whether operating margin can hold at or above the 8% level seen in the last three quarters of the data set, up from 7% in June and September 2025, and whether revenue growth continues without the seasonal boost that lifted December 2025 numbers. Return on equity of 15.3% and return on capital employed of 17.2% suggest the underlying business has been generating more consistent returns as it has scaled, a trend that will be tested again in the September 2026 quarter.

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Nykaa Q2 Results Preview: The Q1 FY27 Actuals It Builds On

FSN E-Commerce Ventures Ltd. reported revenue of Rs 2,782.00 crore in Q1 FY27, up 29.10% from Rs 2,155.00 crore in Q1 FY26, and a profit of Rs 80.00 crore at the net level, up 233.33% from Rs 24.00 crore in Q1 FY26. These are reported actuals, not estimates.

Sequentially, revenue was up 5.06% over the March 2026 quarter figure of Rs 2,648.00 crore, and net profit was up 1.27% from Rs 79.00 crore in Q4 FY26. Operating margin stood at 7.0% in Q1 FY27 against 7.0% in the September 2025 quarter, which is the comparison the Nykaa Q2 results print will be read against.

Q2 FY26 Base: The Comparison Nykaa Q2 Results FY27 Must Beat

FSN E-Commerce Ventures Ltd. reported revenue of Rs 2,346.00 crore and a profit of Rs 33.00 crore in Q2 FY26, the September 2025 quarter. That is the year-ago base against which the September 2026 numbers will be judged, and it is the single most useful figure in this Nykaa Q2 results preview.

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Net profit in that base quarter was below the Rs 80.00 crore just reported for Q1 FY27, so the year-on-year comparison starts from a manageable level. Revenue of Rs 2,346.00 crore sits below the Rs 2,782.00 crore of the June 2026 quarter, which frames how much sequential movement the Nykaa Q2 results print needs to show growth.

Nykaa Quarterly Results Trend Over the Last Four Quarters

Quarter	Revenue (Rs Cr)	Net Profit (Rs Cr)
Q2 FY26 (Sep 2025)	2,346.00	33.00
Q3 FY26 (Dec 2025)	2,873.00	68.00
Q4 FY26 (Mar 2026)	2,648.00	79.00
Q1 FY27 (Jun 2026)	2,782.00	80.00

Figures in brackets denote negative numbers. All four quarters above are reported actuals taken from the company’s exchange filings, and they are the only basis this Nykaa Q2 results preview uses.

Revenue across those four quarters ranged from Rs 2,346.00 crore to Rs 2,873.00 crore, and net profit from Rs 33.00 crore to Rs 80.00 crore. That spread is the honest context for the Nykaa Q2 results FY27 print, and it is why a single quarter should not be read as a trend on its own.

Key Factors That Could Shape Nykaa Q2 Results FY27

The Nykaa Q2 results outcome will turn on a small number of company-specific variables rather than on broad market conditions. The three below are the ones visible in what Nykaa has already reported.

Valuation snapshot

Nykaa trades at a trailing P/E of 371 and a price-to-book multiple of 68.2 against a book value of Rs 5.02 per share, with the stock at around Rs 342.35. Return on equity of 15.3% and return on capital employed of 17.2% are respectable, but sit alongside one of the richest valuation multiples among comparable companies, reflecting a growth-stock pricing that will be tested by the September 2026 quarter results.

Price and technical setup

Nykaa shares, at around Rs 342.35, are trading close to their 52-week high of Rs 349.55 and well above the 52-week low of Rs 227.9, and sit above both the 50-day moving average of Rs 331.49 and the 200-day moving average of Rs 279.9. The relative strength index of 57.25 is in neutral territory, neither overbought nor oversold, heading into the results announcement.

Balance sheet and payout

Nykaa carries a debt-to-equity ratio of 0.86 and does not pay a dividend, a combination consistent with a company still reinvesting in growth across its beauty, personal care and fashion retail operations. Given the stock’s rich valuation multiples, this balance sheet position and lack of payout are worth keeping in mind alongside the operating trends heading into the September 2026 quarter.

Nykaa Q2 Results FY27: Share Price and Valuation Going Into the Print

Nykaa share price today is Rs 342.35 on the NSE, down Rs 2.15 or 0.62% from the previous close of Rs 344.50 on 15 September 2026, ahead of the Nykaa Q2 results announcement.

Metric	Value (15 September 2026)
NSE Symbol	NYKAA
Current Market Price	Rs 342.35
52-Week High	Rs 349.55
52-Week Low	Rs 227.90
Market Capitalisation	Rs 98,675 crore
PE Ratio	371.00
PB Ratio	68.20
EPS (TTM)	Rs 0.92
Book Value per Share	Rs 5.02
Debt to Equity	0.86
Return on Equity	15.3%
50-Day Moving Average	Rs 331.49
200-Day Moving Average	Rs 279.90
RSI (14)	57.25

The stock trades above both its 50-day average of Rs 331.49 and its 200-day average of Rs 279.90, with a 14-day RSI of 57.25. None of this is a view on where the shares go once the Nykaa Q2 results are announced, and no price target is offered here.

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What Investors Should Watch When Nykaa Q2 Results Are Announced

Four lines carry most of the information in a company of this size, and reading them in order keeps the Nykaa Q2 results print in proportion.

1. Revenue against the Rs 2,346.00 crore reported in the September 2025 base quarter
2. Net profit against a profit of Rs 33.00 crore in that same quarter
3. Operating margin against 7.0% in Q1 FY27
4. Any exceptional item, provision or one-off gain disclosed alongside the numbers

A one-off gain or provision can move the reported profit far more than operations do in a company this size, which is why the Nykaa Q2 results announcement should be read together with the notes to the results rather than the headline alone.

Conclusion on Nykaa Q2 Results FY27

The Nykaa Q2 results date is not confirmed, and 14 November 2026 is the statutory outer limit rather than an expected date. FSN E-Commerce Ventures Ltd. will make the schedule public through a board meeting intimation to the exchanges, and until then the September 2026 quarter can only be framed by what has already been reported.

On that basis the Nykaa Q2 results FY27 print faces a base of Rs 2,346.00 crore in revenue and a profit of Rs 33.00 crore, with the most recent quarter having delivered Rs 2,782.00 crore and a profit of Rs 80.00 crore. No numerical estimate appears in this preview because no verified consensus figure exists for Nykaa, and readers should treat any preview that supplies one with caution. Verify every figure against the company filing on release and consult a SEBI-registered advisor before acting on quarterly earnings.

FAQs on Nykaa Q2 Results FY27

What is the Nykaa Q2 results date for FY27?

Ans. The Nykaa Q2 results date for FY27 is not confirmed. FSN E-Commerce Ventures Ltd. had not filed a board meeting intimation with the NSE or BSE as of 15 September 2026. Indian listing rules require the September 2026 quarter results to be published by 14 November 2026 at the latest.

What quarter do the Nykaa Q2 results 2026 cover?

Ans. The Nykaa Q2 results FY27 cover 1 July 2026 to 30 September 2026, known as the September 2026 quarter. FSN E-Commerce Ventures Ltd. reports revenue, operating profit and net profit for that period, and the Nykaa Q2 results filing also carries the notes to the accounts.

What were the Nykaa Q1 FY27 results?

Ans. FSN E-Commerce Ventures Ltd. reported revenue of Rs 2,782.00 crore in Q1 FY27 and a profit of Rs 80.00 crore at the net level. Revenue was up 29.10% versus Q1 FY26 and net profit was up 233.33% from Rs 24.00 crore in Q1 FY26.

What were Nykaa Q2 FY26 results in the September 2025 quarter?

Ans. FSN E-Commerce Ventures Ltd. reported revenue of Rs 2,346.00 crore and a profit of Rs 33.00 crore in Q2 FY26. Operating margin was 7.0%. Those figures form the base for the Nykaa Q2 results FY27 comparison.

What are the main Nykaa Q2 results expectations this quarter?

Ans. No verified analyst estimate is publicly available. The Nykaa Q2 results expectations centre on revenue against the Rs 2,346.00 crore base, net profit against a profit of Rs 33.00 crore, operating margin against 7.0% in Q1 FY27, and any exceptional item disclosed with the numbers.

What is Nykaa share price today ahead of the Q2 earnings?

Ans. Nykaa share price is Rs 342.35 on the NSE as of 15 September 2026, down 0.62% from Rs 344.50. The stock is about 2.1% below its 52-week high of Rs 349.55 and 50.2% above its 52-week low of Rs 227.90, at a market capitalisation of Rs 98,675 crore.

Is Nykaa a good stock to buy before the Q2 results?

Ans. This article does not offer a buy, sell or hold recommendation on FSN E-Commerce Ventures Ltd. The stock trades at a price-to-book ratio of 68.20 with a return on equity of 15.3%. Assess the reported numbers when they are released and consult a SEBI-registered financial advisor before making any decision.