What the board approved
At its meeting on 4 August 2026, FSN E-Commerce Ventures, Nykaa's parent, approved acquiring a 51% stake on a fully diluted basis in Aminu Wellness Private Limited, a skincare-focused cosmetics maker incorporated in 2019. The company said the deal will be paid in cash and is expected to close by 15 September 2026. Per the filing, no governmental or regulatory approvals are required, and the transaction is not a related-party transaction — none of the promoter or group companies has an interest in the target.
Why Nykaa says it is buying
The filing places Aminu in the Beauty and Personal Care segment, the core of Nykaa's business. It gives two reasons: that beauty and skincare spending in India is "premiumizing", a segment it says Aminu fits within, and that Aminu brings "strong R&D capabilities and an omnichannel distribution". The filing also discloses Aminu's turnover for the last three financial years, rising off a small base.
Filed alongside the June-quarter results
The acquisition was approved at the same meeting that took on record Nykaa's unaudited standalone and consolidated results for the quarter ended 30 June 2026, reviewed by the statutory auditors. The consolidated numbers show revenue and net profit both higher than the year-earlier quarter, with the Beauty segment carrying the bulk of revenue. The auditor's limited review reported nothing that caused it to believe the statement contained a material misstatement.