Beauty and fashion retailer Nykaa has announced that it will acquire a 51% stake in Mumbai-based skincare brand Aminu Wellness for a cash consideration of up to Rs 32 crore, further expanding its presence in India’s premium skincare segment. The acquisition was approved by the board of FSN E-Commerce Ventures, Nykaa’s parent company, and disclosed through a stock exchange filing.
The transaction will be completed through an all-cash deal, with Nykaa initially acquiring a majority stake while retaining the option to purchase the remaining equity over the next few years under pre-agreed terms.
Founded in 2019 by Prachi Bhandari, Aminu operates in the fast-growing dermocosmetic skincare category, offering science-backed formulations targeted at concerns such as acne, pigmentation, skin barrier repair and sensitive skin. The brand has built a presence through its direct-to-consumer channels as well as online marketplaces and dermatology-led recommendations.
According to Nykaa, Aminu reported Rs 19.44 crore in revenue in FY26 and is already profitable, making it an attractive addition to the company’s expanding portfolio of owned and acquired beauty brands.
The acquisition aligns with Nykaa’s strategy of strengthening its premium beauty ecosystem through investments in high-growth brands. Over the past few years, the company has acquired and scaled several beauty and personal care businesses, including Dot & Key, Earth Rhythm and Nudge Wellness, while continuing to invest in its own portfolio under the House of Nykaa umbrella.
In its exchange filing, Nykaa described the acquisition as a natural extension of its innovation-led and consumer-first approach, adding that Aminu’s expertise in science-led skincare complements the company’s long-term vision of building a comprehensive beauty and personal care portfolio.
The announcement coincided with Nykaa’s strong quarterly performance. The company reported a more than threefold jump in consolidated net profit to nearly Rs 80 crore for the quarter ended June 2026, while revenue from operations rose 29% year-on-year to Rs 2,782 crore, driven by robust growth across its beauty and fashion businesses.
The move also reflects increasing consolidation in India’s beauty and skincare market, where established platforms are acquiring niche, science-backed brands to strengthen their premium offerings and capture rising consumer demand for dermatologist-inspired skincare products. With Aminu joining its portfolio, Nykaa is expected to deepen its presence in one of the fastest-growing segments of India’s beauty industry.
FAQs
- What has Nykaa acquired?
Nykaa has announced the acquisition of a 51% stake in skincare brand Aminu Wellness for up to ₹32 crore through an all-cash transaction. - Who founded Aminu?
Aminu was founded in 2019 by Prachi Bhandari and specialises in science-backed, dermocosmetic skincare products. - Why is Nykaa acquiring Aminu?
The acquisition is part of Nykaa’s strategy to strengthen its premium skincare portfolio by adding high-growth, science-led beauty brands. - Is Aminu a profitable company?
Yes. According to Nykaa’s disclosure, Aminu reported ₹19.44 crore in revenue in FY26 and is profitable. - Will Nykaa own Aminu completely?
Nykaa will initially acquire 51% of the company and has the option to acquire the remaining stake over the coming years under pre-agreed terms.
