Nykaa Completes Acquisition of 24.2% Stake in Earth Rhythm
FSN E-Commerce Ventures’ board approved a further shareholding increase of up to 24.2% in Earth Rhythm, while Nykaa’s AGM on Aug 25, 2026 cleared the standalone and consolidated audited FY26 accounts and reappointed directors Sanjay Nayar and Milan Khakhar. Profitability improved sharply, with EBITDA up 59% to ₹752 crore and PAT rising 183% to ₹204 crore. Nykaa Fashion NSV reached ₹1,447 crore and Superstore by Nykaa GMV grew 26% to ₹1,187 crore.
Coverage (4)
- Nykaa parent FSN E-Commerce Ventures completes acquisition of additional 24.2% stake in Earth Rhythm (indianstartupnews.com)
- Nykaa completes acquisition of additional 24.2% stake in Earth Rhythm (yourstory.com)
- Nykaa raises stake in personal care brand Earth Rhythm (economictimes.indiatimes.com)
- Nykaa completes acquisition of 24.2% stake in Earth Rhythm subsidiary (scanx.trade)