FSN E-Commerce Ventures share price
NSE: NYKAABSE: 543384RetailingMid Cap
FSN E-Commerce Ventures Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Nov 2021 · Issue price ₹1,125
Last close ₹342.50up ₹3.10 (0.91%)BSE ₹341.90
Share price at the NSE close on 28 Oct 2026. Previous close ₹339.40.
28 Oct: open ₹339.00, high ₹345.50, low ₹334.50
52-week range of traded prices to 28 Oct 2026
₹232.00Low, 27 Jan 2026₹349.55High, 31 Aug 2026
- Next results date: the board meets on 4 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹98,102 Cr141st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 383.02
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 68.22
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 18.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 22.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.50
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 50,20,99260.6% delivered
About FSN E-Commerce Ventures
FSN E-Commerce Ventures Limited runs Nykaa, which sells beauty, personal care and fashion products to consumers in India online and through its own beauty stores.12 It also supplies retailers through its Superstore business, and builds its own beauty and fashion brands under the House of Nykaa name.13
Its reporting segments are Beauty (the online beauty platform, owned beauty brands, stores, Superstore and Nykaa Man beauty and personal care), Fashion (Nykaa Fashion, owned fashion brands, a content platform and Nykaa Man lifestyle) and Others, the international beauty business.4 The beauty and personal care business mainly holds its own stock, bought directly from brands or their authorised distributors, while Nykaa Fashion runs mainly as a marketplace (a platform on which other sellers list and sell their goods).5 Owned brands include Dot & Key, Kay Beauty, Nykaa Cosmetics and Earth Rhythm in beauty, and Nykd, 20 Dresses, KICA, RSVP and Gajra Gang in fashion.36
Nykaa started in 2012 as an online beauty platform, opened its first physical store in 2014 and launched Nykaa Fashion in 2018.127 It bought 51% of Dot & Key in September 2021, and by March 2026 held 90.06% of it and about 75.83% of Earth Rhythm on a converted basis (counting its convertible securities as if converted into shares).8910
Its founder, Falguni Nayar, is Executive Chairperson, Managing Director and Chief Executive Officer.116 Promoters held 52.09% of the shares at the end of March 2026.12
FSN E-Commerce Ventures key points
Results
- In the quarter to Jun 2026, consolidated GMV (value of orders placed) rose 34% to ₹5,590 crore and revenue from operations 29% to ₹2,782 crore. EBITDA (profit before interest, tax, depreciation and amortisation) rose 68% to ₹236 crore and net profit 226% to ₹80 crore.1314
- In the year to Mar 2026, consolidated GMV rose 28% to ₹19,963 crore, revenue from operations 26% to ₹10,022 crore, EBITDA 59% to ₹752 crore and profit after tax 183% to ₹204 crore.1516
Business segments
- Consolidated revenue from operations by segment, with share of total17
Item year to Mar 2026 year to Mar 2025 Beauty ₹9,139 crore (91.2%) ₹7,251 crore (91.2%) Fashion ₹832 crore (8.3%) ₹675 crore (8.5%) Others ₹51 crore (0.5%) ₹24 crore (0.3%) - Beauty. In the quarter to Jun 2026, Beauty's GMV rose 28% and its net sales value (NSV: orders less discounts, cancellations, returns and taxes) 29%, with an EBITDA margin of 10.3% of NSV, 130 basis points higher than a year earlier.18
- Fashion. In the same quarter, Fashion's GMV rose 53% to ₹1,471 crore and its NSV 54% to ₹451 crore; its EBITDA margin was 0.1% of NSV, against -6.2% a year earlier.19
House of Nykaa brands
- In the quarter to Jun 2026, the company's 13 own brands ran at an annualised GMV of ₹3,760 crore, up 39%, and annualised NSV of more than ₹2,200 crore, up 36%.20
- Own beauty brands' NSV, share through Nykaa's channels and B2B212223Own beauty brands' NSV was ₹508 crore in the quarter, up 40%; the rest goes through exports and third-party sites.
Item quarter to Jun 2026 Nykaa online 33% Nykaa stores 10% B2B (Superstore, general and modern trade) 19% - Nykaa's 3 large brands are Dot & Key, at an annualised NSV of ₹1,300 crore, Kay Beauty at ₹300 crore and Nykaa Cosmetics at ₹270 crore, as of the quarter to Jun 2026.24
- In the year to Mar 2026, own brands made up about 19% of Beauty GMV and about 8% of Fashion GMV.25
Where revenue comes from
- In its annual report for the year to Mar 2026, the company said Tier 2 and Tier 3 cities (smaller cities below the largest metros) contribute nearly 60% of Beauty sales.26
- In the Gulf it runs Nysaa through Nessa International Holdings, a venture with Apparel Group in which FSN International holds 55%. Nysaa had 2 stores in Dubai at the end of March 2026 and contributes less than 1% of group GMV.27
Branches and reach
- It had 324 beauty stores in 105 cities in June 2026, after opening 11 in the quarter; 50% are in Tier 2 cities or beyond, and retail space rose 29% to about 3.3 lakh sq ft.2829
- Superstore had 523,000 registered retailers in June 2026, against 400,000 a year earlier, and reaches 1,200-plus cities; its GMV in the quarter was ₹336 crore.2830
- Nykaa Now, its quick-delivery service, operated in 13 cities in the quarter to Jun 2026, delivering from more than 1,000 brands within 60 minutes.21
- It ran 44 warehouses in 15 cities at the end of March 2026, and its logistics network served more than 19,000 pin codes.1531
Customers and partners
- Its customer base, everyone who has ever bought from it, reached 60 million by June 2026, up 33%, and Beauty's annual transacting customers (those who ordered in the past year) rose 25% to 20.8 million.3233
- It works with more than 10,000 beauty and lifestyle brands; launches in the quarter to Jun 2026 included Rare Beauty, SK-II and Judydoll.3214
- Nykaa Fashion builds and runs Nike's Indian online store, Nike.in, and its app end to end, including fulfilment; the app passed 1.5 million installs within less than 6 months of launch.3435
- It is Foot Locker's exclusive online partner in India and runs its website, is the exclusive India retailer for Chanel, and manages Kiehl's India business end to end, across Kiehl's exclusive brand outlets, multi-brand outlets, e-commerce and direct-to-consumer channels.3637
What the company expects
- In its presentation of 4 Aug 2026, the company said it plans to take Nykaa Now to more than 25 cities by the end of the year to Mar 2027.38
- The company stated in its annual report for the year to Mar 2026 that it aims to build House of Nykaa into a business with ₹5,000 crore of NSV by the year to Mar 2030.39
Recent events
- On 24 Sep 2026 the company completed its purchase of 51% of Aminu Wellness, a dermocosmetic (skin-science) skincare brand, for up to ₹32 crore. On 4 Aug 2026 it said it plans to buy the rest over the next few years.404142
- On 8 May 2026 CRISIL reaffirmed the company's A/Stable credit rating (an agency's opinion of its ability to repay debt) on ₹178 crore of long-term bank facilities.43
Last updated
All 43 sources, each with its page
- 1. Annual report, 1 Aug 2026, page 83
- 2. Annual report, 1 Aug 2026, page 84
- 3. Annual report, 1 Aug 2026, page 85
- 4. Annual report, 1 Aug 2026, page 93
- 5. Annual report, 1 Aug 2026, page 89
- 6. Exchange filing, 4 Aug 2026, page 5
- 7. Annual report, 1 Aug 2026, page 88
- 8. Annual report, 1 Aug 2026, page 86
- 9. Annual report, 1 Aug 2026, page 104
- 10. Annual report, 1 Aug 2026, page 105
- 11. Annual report, 1 Aug 2026, page 16
- 12. Annual report, 1 Aug 2026, page 44
- 13. Earnings call, 4 Aug 2026, page 3
- 14. Exchange filing, 4 Aug 2026, page 2
- 15. Annual report, 1 Aug 2026, page 17
- 16. Annual report, 1 Aug 2026, page 44
- 17. Annual report, 1 Aug 2026, page 93
- 18. Earnings call, 4 Aug 2026, page 6
- 19. Exchange filing, 4 Aug 2026, page 4
- 20. Investor presentation, 4 Aug 2026, page 20
- 21. Earnings call, 4 Aug 2026, page 8
- 22. Investor presentation, 4 Aug 2026, page 21
- 23. Earnings call, 4 Aug 2026, page 9
- 24. Earnings call, 4 Aug 2026, page 9
- 25. Annual report, 1 Aug 2026, page 39
- 26. Annual report, 1 Aug 2026, page 8
- 27. Annual report, 1 Aug 2026, page 89
- 28. Exchange filing, 4 Aug 2026, page 3
- 29. Earnings call, 4 Aug 2026, page 7
- 30. Earnings call, 4 Aug 2026, page 5
- 31. Annual report, 1 Aug 2026, page 99
- 32. Investor presentation, 4 Aug 2026, page 6
- 33. Investor presentation, 4 Aug 2026, page 11
- 34. Earnings call, 4 Aug 2026, page 15
- 35. Earnings call, 4 Aug 2026, page 12
- 36. Annual report, 1 Aug 2026, page 88
- 37. Annual report, 1 Aug 2026, page 26
- 38. Investor presentation, 4 Aug 2026, page 17
- 39. Annual report, 1 Aug 2026, page 23
- 40. Exchange filing, 24 Sep 2026, page 1
- 41. Exchange filing, 4 Aug 2026, page 1
- 42. Exchange filing, 4 Aug 2026, page 6
- 43. Exchange filing, 8 May 2026, page 1
Results
Consolidated; ₹ crore.FSN E-Commerce Ventures quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +27.4%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +221.1%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,782 Crup 5.05%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹80 Crup 1.28%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 2.9%
Revenue by quarter
Peak revenue ₹2,873 Cr, quarter to Dec 2025; lowest ₹1,875 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,875 | 2,267 | 2,062 | 2,155 | 2,346 | 2,873 | 2,648 | 2,782 |
| Net profit | 13 | 26 | 19 | 24 | 33 | 68 | 79 | 80 |
| Net margin | 0.7% | 1.2% | 0.9% | 1.1% | 1.4% | 2.4% | 3.0% | 2.9% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹10,022 Crup 26.07%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹204 Crup 182.97%
- Net margin
- 2.0%
Revenue by year
Peak revenue ₹10,022 Cr, year to Mar 2026; lowest ₹3,774 Cr, year to Mar 2022
Net profit by year, a loss in red
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 3,774 | 5,144 | 6,386 | 7,950 | 10,022 |
| Net profit | 41 | 21 | 40 | 72 | 204 |
| Net margin | 1.1% | 0.4% | 0.6% | 0.9% | 2.0% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- BeautyBeauty, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹9,139 Crup 26.04%91.2%
- FashionFashion, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹832 Crup 23.34%8.3%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹51 Cr0.5%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.FSN E-Commerce Ventures PE ratio and valuation
Price to earnings
At or below today's level on 6% of 1,088 trading days since Jun 2022.
LowestHighest
Its median1,169.51Industry median13.21
Price to book
At or below today's level on 88% of 1,225 trading days since Nov 2021.
LowestHighest
Its median43.60Industry median2.84
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +31.2% | +204.3% | −56.9% | 0.0% |
| 3 years | +23.7% | +117.7% | −43.2% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
267 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 102 of the 132 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 267 funds holding FSN E-Commerce Ventures
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 5
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 7
- AddedAdded. Funds that held more shares than at the end of the month before.
- 63
- CutCut. Funds that held fewer shares than at the end of the month before.
- 69
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 121
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 5
| Fund | |||
|---|---|---|---|
 HDFC Flexi Cap FundHDFC Mutual Fund | 2,43,00,000 | 0.72% | ₹777.6 Cr |
 SBI Contra FundSBI Mutual Fund | 2,21,88,917 | 1.58% | ₹710.0 Cr |
 Nippon India Multi Cap FundNippon India Mutual Fund | 2,00,12,869 | 1.19% | ₹640.4 Cr |
| HDFC Focused FundHDFC Mutual Fund | 1,85,00,000 | 2.23% | ₹592.0 Cr |
| SBI ELSS Tax Saver FundSBI Mutual Fund | 1,80,00,000 | 1.92% | ₹576.0 Cr |
| SBI Large & Midcap FundSBI Mutual Fund | 1,80,00,000 | 1.42% | ₹576.0 Cr |
| SBI Midcap FundSBI Mutual Fund | 1,80,00,000 | 2.47% | ₹576.0 Cr |
 ICICI Prudential Large & Mid Cap FundICICI Prudential Mutual Fund | 1,79,97,669 | 1.82% | ₹575.9 Cr |
 HSBC Midcap FundHSBC Mutual Fund | 1,77,56,087 | 3.38% | ₹568.2 Cr |
 Axis Midcap FundAxis Mutual Fund | 1,76,49,002 | 1.68% | ₹564.8 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.FSN E-Commerce Ventures insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 15 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
FSN E-Commerce Ventures competitors and peers
E-Retail/ E-Commerce, 20 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to FSN E-Commerce Ventures in market cap.Consumer services companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 EternalETERNAL | 3,14,601 | 638.14 | 10.06 | +143.7% | +162.2% | 1.6% | 0.4% | 0.00% |
 MeeshoMEESHO | 1,05,456 | – | 25.07 | – | – | −21.9% | −31.3% | 0.00% |
 SwiggySWIGGY | 50,652 | – | 2.98 | +42.2% | – | −26.7% | −24.3% | 0.00% |
 Urban CompanyURBANCO | 22,312 | – | 11.27 | – | – | −21.5% | −24.7% | 0.00% |
 Cartrade TechCARTRADE | 11,981 | 51.82 | 4.55 | +16.1% | +23.6% | 9.3% | 8.9% | 0.00% |
 Brainbees SolutionsFIRSTCRY | 8,664 | – | 1.79 | +11.7% | – | −2.6% | −1.9% | 0.00% |
 RattanIndia EnterprisesRTNINDIA | 3,374 | – | 4.39 | +2.1% | – | −77.3% | −36.4% | 0.00% |
 MacfosROBU | 1,150 | 40.13 | 10.63 | +52.9% | +61.2% | 30.4% | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.FSN E-Commerce Ventures announcements
Oct 2026
27 Oct · Analysts
26 Oct · Analysts
26 Oct · Board meeting
15 Oct · Rating
4 Oct · Updates
FSN E-Commerce Ventures share price by year
Each calendar year to 2025.FSN E-Commerce Ventures share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 265.15 | +61.9% | 271.16 | 158.80 |
| 2024 | 163.76 | −5.9% | 226.77 | 145.65 |
| 2023 | 173.95 | +12.3% | 178.00 | 115.95 |
| 2022 | 154.85 | −55.8% | 352.33 | 144.85 |
| 2021 | 350.26 | – | 415.52 | 325.45 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 10 Nov 2021.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 332.20 | 340.00 | 331.35 | 339.40 | 334.97 | 51,90,941 | 54.2% |
| 26 Oct 2026 | 315.90 | 329.95 | 313.20 | 329.85 | 323.71 | 19,70,824 | 44.8% |
| 23 Oct 2026 | 320.40 | 323.40 | 311.40 | 319.30 | 315.42 | 42,50,450 | 51.4% |
| 22 Oct 2026 | 326.05 | 327.00 | 319.05 | 321.90 | 321.41 | 69,44,277 | 61.9% |
| 21 Oct 2026 | 339.45 | 340.90 | 321.95 | 329.70 | 328.62 | 29,15,083 | 50.0% |
| 19 Oct 2026 | 346.80 | 348.40 | 335.30 | 336.65 | 341.75 | 38,92,230 | 44.1% |
| 16 Oct 2026 | 338.25 | 345.40 | 336.65 | 345.00 | 341.61 | 26,69,786 | 47.5% |
| 15 Oct 2026 | 336.50 | 339.05 | 334.20 | 338.40 | 336.97 | 18,86,204 | 57.1% |
| 14 Oct 2026 | 339.30 | 341.35 | 335.00 | 336.50 | 338.12 | 29,75,606 | 60.4% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 10 Nov 2022 | Bonus | 0.1667 | Holders received 5 bonus shares for every 1 held. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- NSE symbol
- NYKAA
- BSE code
- 543384
- ISIN
- INE388Y01029
- Industry
- Retailing
- Website
- www.nykaa.com
- CIN
- L52600MH2012PLC230136
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2012
- Registered office
- 104, Vasan Udyog Bhavan, Tulsi Pipe Road, Sun Mill Compound, Lower Parel, Mumbai 400013, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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