# Nykaa’s inventory model yields 45.9% gross margin, ₹79.8 Cr profit 2026-08-07T22:04:12+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Nykaa reported Q1 FY27 consolidated revenue of ₹2,791.3 crore, up 24% year-on-year, and net profit of ₹79.8 crore. The beauty retailer's inventory-led model, where it buys stock outright rather than operating as a marketplace, drove gross margin to 45.9% from 44.6% in the same quarter last year. However, fulfilment and marketing costs, along with inventory write-offs and working capital demands, eat into that margin. Nykaa's beauty vertical remains the main profit engine, posting GMV of ₹4,105 crore and operating profit of ₹159.1 crore. The company also operates 237 physical stores across 79 cities under three formats. It funds its own stock, paying brands upfront, which ties up cash until products are sold. ## Coverage - inc42.com This story was synthesised by AI from the source linked above. Tags: beauty retail, FSN E-Commerce, gross margin, inventory model, Nykaa, Q1 results Canonical: https://indianopinion.org/nykaas-inventory-model-yields-45-9-gross-margin-rs79-8-cr-profit/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/nykaas-inventory-model-yields-45-9-gross-margin-rs79-8-cr-profit/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/