Nykaa Fashion's GMV jumps 30% to ₹4,954 cr; Q4 Ebitda margin flips positive at 0.3%

FY26 GMV growth of 30% and a swing from -10.2% to +0.3% Q4 Ebitda margin mark a turnaround under CEO Abhijeet Dabas. The premium pivot and exclusive global brand tie-ups now face the harder test: scaling against Myntra, Ajio and Tata Cliq inside a ₹3.8 trillion online fashion TAM.

— Filed Sun, 14 Jun, 2026, 17:42 IST · Source Mint · Updated

Nykaa Fashion's GMV grew 30% to ₹4,954 crore in FY26 with Q4 Ebitda margin turning positive at 0.3%. CEO Abhijeet Dabas is pivoting to premium consumers and exclusive global brand tie-ups against Myntra, Ajio, Tata Cliq.

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