Mumbai, Nov. 5 -- Revenue from operations increased 28% year on year to Rs 3,006 crore from Rs 2,346 crore. Gross merchandise value (GMV) rose 30% to Rs 6,151 crore, while net sales value (NSV) increased 31% to Rs 3,064 crore.

EBITDA increased 65% year on year to Rs 263 crore from Rs 159 crore. EBITDA margin expanded to 8.7% from 6.8% in Q2 FY26.

Profit before tax stood at Rs 149 crore, up 168% year on year from Rs 55 crore.

Gross profit rose 31% to Rs 1,382 crore from Rs 1,054 crore, while gross margin improved to 46% from 44.9%. Fulfilment expenses increased 34% to Rs 304 crore, while marketing and selling expenses rose 24% to Rs 457 crore. Employee and other expenses increased 19% to Rs 358 crore.

The beauty vertical reported reven...