Nykaa Q3 Results Preview: PAT may surge up to 192% YoY led by BPC momentum; revenue to rise up to 28%

FSN E-Commerce, which owns Beauty & Personal Care (BPC) brand Nykaa, is expected to report a strong set of numbers in the December ended quarter, led by robust festive demand, sustained momentum in its BPC segment. Brokerage estimates show the company could deliver up to 192% surge in its Q3FY26 net profit falling in the range of Rs 60 crore to Rs 78 crore. The revenue growth is pegged at 26%-28%, estimates revealed, forecasting the topline in the range of Rs 2,859 crore to Rs 2,902 crore.

The estimates from ElaraCapital, Nuvama Institutional Equities and JM Financial have been taken into account. The margins could take a hit in the October-December quarter.

The company will announce its earnings on Thursday, February 5.

Here’s what estimates say about these four key parameters:

1) PAT

— Elara Capital: Rs 60 crore, up 128% YoY and 88% QoQ
— Nuvama: Rs Rs 64 crore, up 139% YoY and 89% QoQ
— JM Financial: Rs 78 crore, up 192% YoY and 117% QoQ
2) Revenues
— Elara Capital: Rs 2,869 crore, up 27% YoY and 22% QoQ
— Nuvama Institutional Equities: Rs 2,902 crore, up 28% YoY and 24% QoQ
— JM Financial: Rs 2,859 crore, up 26% YoY and 22% QoQ

3) EBITDA
— Elara Capital: Rs 202 crore, up 43% YoY and 27% QoQ
— Nuvama Institutional Equities: Rs 209 crore, up 48% YoY and 31% QoQ
— JM Financial: Rs 215 crore, up 52% YoY and 35% QoQ

4) EBITDA margin

Nuvama has pegged the Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) at 7.2% in Q3FY26, down 100 bps YoY and down 40 bps QoQ. Meanwhile, JM Financial sees margin expansion of 130 bps YoY, indicating sustained operating leverage.

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