| Quarterly Financials | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 291 | 605 | 812 | 745 | 822 | 891 | 1,104 | 985 | 1,157 | 1,237 | 1,469 | 1,312 | 1,429 | 1,516 | 1,796 | 1,675 | 1,753 | 1,880 | 2,273 | 2,071 | 2,164 | 2,354 |
| Expenses | 334 | 549 | 701 | 696 | 790 | 856 | 1,029 | 935 | 1,102 | 1,170 | 1,385 | 1,231 | 1,348 | 1,426 | 1,690 | 1,575 | 1,650 | 1,771 | 2,126 | 1,928 | 2,014 | 2,188 |
| EBITDA | -43 | 56 | 111 | 49 | 32 | 34 | 75 | 50 | 54 | 68 | 84 | 80 | 80 | 89 | 106 | 100 | 103 | 109 | 146 | 142 | 150 | 166 |
| Operating Profit % | -16 % | 9 % | 13 % | 6 % | 3 % | 3 % | 6 % | 4 % | 4 % | 5 % | 5 % | 5 % | 5 % | 5 % | 6 % | 6 % | 6 % | 6 % | 6 % | 6 % | 7 % | 7 % |
| Depreciation | 15 | 16 | 19 | 21 | 20 | 21 | 25 | 31 | 31 | 39 | 51 | 53 | 52 | 55 | 58 | 60 | 60 | 64 | 70 | 73 | 76 | 79 |
| Interest | 9 | 7 | 8 | 7 | 9 | 11 | 13 | 13 | 15 | 20 | 20 | 19 | 19 | 21 | 22 | 21 | 21 | 24 | 32 | 30 | 30 | 32 |
| Profit Before Tax | -66 | 33 | 85 | 20 | 3 | 1 | 37 | 6 | 8 | 9 | 13 | 9 | 10 | 13 | 27 | 20 | 22 | 21 | 45 | 40 | 44 | 55 |
| Tax | -12 | 6 | 16 | 3 | -0 | 0 | 8 | -2 | 3 | 4 | 4 | 6 | 4 | 6 | 9 | 11 | 8 | 8 | 18 | 21 | 19 | 22 |
| Net Profit | -55 | 27 | 69 | 18 | 4 | 1 | 29 | 8 | 5 | 5 | 9 | 2 | 5 | 8 | 17 | 9 | 14 | 13 | 26 | 19 | 25 | 33 |
| EPS in ₹ | -36.93 | 0.62 | 45.77 | 0.38 | 2.34 | 0.03 | 0.60 | 0.18 | 0.10 | 0.09 | 0.03 | 0.01 | 0.02 | 0.02 | 0.06 | 0.02 | 0.03 | 0.04 | 0.09 | 0.07 | 0.08 | 0.12 |
Nykaa
Nykaa
268.52
-0.22
(-0.08%)
Analyst Rating and Forecast
- By Refinitiv from23 analysts
Actual
Company News
View All News
FSNE-Commerce Ventures Limited allotted 664,160 equity shares on November 15, 2025, following the exercise of vested stock options by employees under the company's Employee Stock Option Scheme. The newly allotted shares will rank equally with existing equity shares in all respects, affecting the company's share capital structure.
FSN E-Commerce Ventures Limited (Nykaa) delivered strong quarterly results with GMV reaching INR 4,744 crores, marking 30% year-on-year growth - the highest in 6 quarters. Net revenue grew 25% to INR 2,346 crores while gross profit increased 28% to INR 1,054 crores at 44.9% margin. EBITDA improved 53% to INR 159 crores (6.8% margin), achieving the highest EBITDA margin since IPO. PAT surged 154% to INR 33 crores. Beauty business maintained momentum with 28% GMV growth and 9.0% EBITDA margin. Fashion vertical showed strong recovery with 37% GMV growth and significant EBITDA improvement from -9.0% to -3.5%. The company expanded its store network to 265 stores across 90 cities, adding 19 stores in the quarter. Customer base grew 32% to 49 million with House of Nykaa brands reaching INR 2,900 crores annualized GMV. Nykaa Now operates 53 stores across 7 cities, delivering 70% of orders within next day in top 110 cities.
FSN E-Commerce Ventures (Nykaa) reported a consolidated net profit of Rs 34 crore in Q2FY26, representing a 243% year-on-year increase from Rs 10 crore in the previous year. Revenue from operations grew 25% YoY to Rs 2,346 crore from Rs 1,875 crore. The company achieved its highest gross margin in 12 quarters at 50% of net revenues, with gross profit rising 28% YoY to Rs 1,054 crore. EBITDA increased 53% YoY to Rs 159 crore, marking the highest since its IPO, with EBITDA margin expanding to 6.8% from 5.5%. PAT margin improved to 1.4% from 0.7%. The company expanded its retail presence by adding 19 new stores across eight cities, bringing total retail space to over 2.7 lakh square feet. Nuvama maintained its 'Buy' rating and raised the target price from Rs 235 to Rs 285, citing stronger long-term growth prospects despite profit falling short of the Rs 38.2 crore consensus estimate.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
301.95 | #1 2,91,392.34 | 1,615.79 | #1 21,320.00 | 64.49 | #1 527 | -63.07 | 37.81 | |
385.45 | 96,117.62 | -23.62 | 15,622.90 | 34.28 | -3,117 | -74.44 | 37.18 | |
268.52 | #3 76,809.55 | #9 743.89 | #3 7,977.10 | #6 24.34 | #4 74 | #2 153.85 | 63.24 | |
316.95 | 16,541.93 | #1 -68.93 | 7,810.10 | 18.78 | -265 | 19.59 | 23.49 | |
3,024.80 | 14,399.85 | 73.00 | 711.00 | 28.06 | 145 | 108.79 | 55.75 | |
43.88 | 6,065.40 | -14.68 | 6,876.10 | 11.05 | 81 | -64.16 | 20.94 | |
800.00 | 753.34 | 44.04 | 257.80 | #1 103.96 | 18 | -19.05 | 51.28 | |
317.90 | 200.51 | 29.11 | 60.20 | 102.01 | 7 | 26.98 | 57.55 | |
90.48 | 147.59 | 11.89 | 508.60 | 3.21 | 13 | -12.82 | 29.84 | |
27.97 | 107.86 | 13.68 | 58.10 | 5.64 | 8 | #1 500.00 | 38.60 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
24.34 %
Net Income Growth
68.65 %
Cash Flow Change
1,86,552.00 %
ROE
61.00 %
ROCE
29.36 %
EBITDA Margin (Avg.)
7.17 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 353 | 776 | 1,125 | 1,302 | 2,646 | 2,950 | 3,401 | 3,980 |
| Fixed Assets | 34 | 140 | 227 | 231 | 483 | 699 | 668 | 835 |
| Current Assets | 278 | 564 | 816 | 963 | 1,927 | 1,906 | 2,293 | 2,677 |
| Capital Work in Progress | 0 | 0 | 2 | 2 | 25 | 31 | 30 | 37 |
| Investments | 10 | 138 | 4 | 1 | 0 | 38 | 34 | 0 |
| Other Assets | 308 | 498 | 892 | 1,067 | 2,138 | 2,182 | 2,668 | 3,108 |
| Total Liabilities | 353 | 776 | 1,125 | 1,302 | 2,646 | 2,950 | 3,401 | 3,980 |
| Current Liabilities | 230 | 466 | 666 | 695 | 965 | 1,198 | 1,879 | 2,161 |
| Non Current Liabilities | 2 | 79 | 136 | 116 | 335 | 360 | 241 | 476 |
| Total Equity | 122 | 231 | 323 | 491 | 1,346 | 1,392 | 1,281 | 1,343 |
| Reserve & Surplus | 73 | 207 | 296 | 475 | 1,292 | 1,093 | 976 | 1,015 |
| Share Capital | 14 | 14 | 15 | 15 | 47 | 285 | 286 | 286 |
Cash Flow
| Cash Flow | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 33 | -26 | 90 | -34 | -30 | 4 | 34 | 49 |
| Investing Activities | 31 | -162 | 15 | -130 | -603 | 140 | -10 | -205 |
| Operating Activities | -79 | -100 | 6 | 133 | -354 | -140 | 0 | 467 |
| Financing Activities | 82 | 236 | 69 | -38 | 927 | 5 | 44 | -212 |
Share Holding
| % Holding | Aug 2021 | Nov 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Nov 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 54.25 % | 52.56 % | 52.56 % | 52.43 % | 52.41 % | 52.38 % | 52.36 % | 52.34 % | 52.28 % | 52.28 % | 52.26 % | 52.24 % | 52.22 % | 52.20 % | 52.18 % | 52.16 % | 52.16 % | 52.14 % | 52.12 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 9.84 % | 0.00 % | 10.32 % | 10.48 % | 10.13 % | 9.04 % | 8.83 % | 11.64 % | 12.54 % |
| DIIs | 0.00 % | 2.53 % | 2.79 % | 2.43 % | 2.26 % | 2.45 % | 2.92 % | 6.36 % | 7.85 % | 11.25 % | 14.31 % | 14.98 % | 17.16 % | 18.29 % | 21.84 % | 23.56 % | 25.20 % | 23.65 % | 24.98 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 0.00 % | 14.08 % | 13.04 % | 13.27 % | 12.97 % | 12.46 % | 12.96 % | 13.10 % | 11.88 % | 11.63 % | 11.08 % | 10.07 % | 9.75 % | 8.72 % | 7.85 % | 7.86 % | 6.55 % | 5.56 % | 5.31 % |
| Others | 45.75 % | 30.83 % | 31.61 % | 31.87 % | 32.36 % | 32.71 % | 31.75 % | 28.20 % | 27.99 % | 24.84 % | 12.51 % | 22.72 % | 10.56 % | 10.31 % | 8.00 % | 7.37 % | 7.25 % | 7.01 % | 5.05 % |
| No of Share Holders | 0 | 144 | 4,05,423 | 2,53,666 | 3,24,164 | 3,12,204 | 3,21,121 | 3,97,133 | 5,77,953 | 5,85,698 | 5,65,191 | 5,08,936 | 5,20,788 | 4,79,394 | 4,73,213 | 4,84,256 | 4,72,462 | 4,36,359 | 4,15,723 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 11 Nov 2022 |  Bonus | 5:1 | 10 Nov 2022 | 163.86 | 187.95 |
| 18 Sept 2024 |  Annual General Meeting | NA | 18 Sept 2024 | 192.60 | 199.20 |
| 12 Nov 2024 |  Quarterly Result Announcement | NA | 12 Nov 2024 | 184.15 | 182.50 |
| 10 Feb 2025 | Quarterly Result Announcement | NA | 10 Feb 2025 | 170.30 | 173.50 |
| 30 May 2025 | Quarterly Result Announcement | NA | 30 May 2025 | 201.80 | 204.65 |
| 12 Aug 2025 | Quarterly Result Announcement | NA | 12 Aug 2025 | 209.70 | 203.60 |
| 25 Aug 2025 | Annual General Meeting | NA | 25 Aug 2025 | 208.75 | 224.95 |
| 07 Nov 2025 | Quarterly Result Announcement | NA | 07 Nov 2025 | 255.20 | 245.45 |
Announcements
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
8 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call TranscriptNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 07, 2025
Nov 07, 2025Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025
Nov 07, 2025
Nov 07, 2025Reappointment Of Ms. Falguni Nayar As The Executive Chairperson Managing Director And Chief Executive Officer Of The Company W.E.F. February 12 2026 For A Term Of Five Years Subject To Shareholders Approval.Nov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 07, 2025
Nov 07, 2025Board Meeting Outcome for Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025
Nov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 28, 2025
Oct 28, 2025Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025.Oct 28, 2025
Oct 28, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSOct 18, 2025
Oct 18, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Oct 09, 2025Nykaa - Quarterly Revenue Update - Q2 FY2026Oct 05, 2025
Oct 05, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateSep 24, 2025
Sep 24, 2025Closure of Trading WindowSep 22, 2025
Sep 22, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Aug 28, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 26, 2025
Aug 26, 2025ChairpersonS Speech Made At The 13Th Annual General Meeting Held On August 25 2025Aug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 25, 2025
Aug 25, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 14, 2025
Aug 14, 2025Clarification On Volume MovementAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Clarification sought from FSN E-Commerce Ventures LtdAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerAug 12, 2025
Aug 12, 2025Unaudited Standalone And Consolidated Financial Results For The Quarter Ended June 30 2025Aug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-AcquisitionAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-AcquisitionAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 12, 2025
Aug 12, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On August 12 2025 - Unaudited Standalone And Consolidated Financial Results For The Quarter Ended June 30 2025Aug 12, 2025
Aug 12, 2025Arbitration Award Recording Consent Terms - Nykaa Fashion Limited (Wholly Owned Subsidiary Of The Company) Inter-Alia To Receive Rs. 10 Crores As A CompensationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 04, 2025
Aug 04, 2025Communication Sent To The Shareholders For Integrated Annual ReportAug 02, 2025
Aug 02, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 02, 2025
Aug 02, 2025Reg. 34 (1) Annual Report.Aug 02, 2025
Aug 02, 2025Notice Of The 13Th Annual General MeetingAug 02, 2025
Aug 02, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 01, 2025
Aug 01, 2025Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results For The Quarter Ended June 30 2025Aug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 30, 2025
Jul 30, 202513Th Annual General Meeting To Be Held Through Video Conference (VC) / Other Audio Visual Means (OAVM)Jul 29, 2025
Jul 29, 2025Mutual Fund Holdings
Axis Midcap Direct Plan-Growth 
Tata Flexi Cap Fund Direct - Growth 
HSBC Midcap Fund Direct-Growth 
UTI Mid Cap Fund Direct-Growth 
ICICI Prudential Multi Asset Fund Direct-Growth 
Nippon India Vision Large & Mid Cap Direct-Growth 
Kotak Equity Savings Fund Direct-Growth 
Invesco India Arbitrage Fund Direct-Growth 
HDFC Flexi Cap Direct Plan-Growth 
Mirae Asset Large Cap Fund Direct- Growth 
Bajaj Finserv Flexi Cap Fund Direct-Growth 
Canara Robeco Flexi Cap Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 63.24
ATR(14)
Less Volatile 7.08
STOCH(9,6)
Overbought 84.04
STOCH RSI(14)
Overbought 97.51
MACD(12,26)
Bullish 1.14
ADX(14)
Weak Trend 23.54
UO(9)
Bearish 57.42
ROC(12)
Uptrend And Accelerating 7.05
WillR(14)
Overbought -14.98
About Nykaa
FSN E-Commerce Ventures Limited, originally incorporated as a private company in 2012, converted to a public company in 2021. The company, founded by Falguni Nayar and backed by TPG Group, operates in the beauty, wellness, and fashion industry. It sells and distributes products through online platforms and offline stores. The company went public in 2021 with a Rs 5352 crore IPO. FSN E-Commerce Ventures has acquired stakes in various companies and has multiple subsidiaries. Its business segments include Beauty, Fashion, and Others, with operations spanning across online platforms, physical retail stores, and e-commerce distribution. The company has introduced several brands and formed strategic alliances to expand its market presence.
Listing Date
10 Nov, 2021(4 Years,
14 days)
Website
Chairperson NameFalguni Nayar
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