**Market Brief: Nykaa Q3 FY26 Earnings Outlook** **Overview** Nykaa (FSN E-Commerce Ventures) is positioned for a breakout quarter as it prepares to announce Q3 FY26 results today, **February 5**. Driven by robust festive demand and a dominant performance in the **Beauty and Personal Care (BPC)** segment, the company is expected to report significant profit expansion. **Key Financial Estimates** Analysts project a sharp acceleration in bottom-line growth compared to the previous year: * **Net Profit Surge:** Estimates suggest a jump of **130% to 190%** YoY, with profit after tax (PAT) expected between **₹60 crore and ₹78 crore**. * **Revenue Growth:** Consolidated revenue is forecasted to rise by **26–28%** YoY, reaching approximately **₹2,860 crore to ₹2,900 crore**. * **EBITDA:** Operating profit is likely to exceed **₹200 crore**, with margin expansion driven by operating leverage in the BPC business. **Segment Performance** * **Beauty (BPC):** Remains the primary engine, with Gross Merchandise Value (GMV) expected to grow in the **late 20s%** range, supported by strong "Pink Friday" sales and new customer acquisition. * **Fashion:** Showing signs of recovery with projected Net Sales Value (NSV) growth in the **mid-20s%**, though net revenue growth may be moderate (late teens) due to channel optimization. **Market Reaction** Investor sentiment is buoyant ahead of the release. Nykaa shares have trended upwards, trading **~2–3% higher** in intraday sessions as the market prices in the strong provisional updates and optimistic brokerage forecasts. [Nykaa Q3 Earnings Context](https://www.youtube.com/watch?v=mnrLuSnMcAI) This video provides historical context on Nykaa's quarterly financial trends, which serves as a useful baseline for understanding the projected surge in today's Q3 FY26 report. http://googleusercontent.com/youtube_content/0