What the business is, and whether it's a good one at a fair price.
Sells beauty, fashion and other lifestyle products to Indian consumers through its online platform, a network of 313 physical stores across 99 cities, and quick-commerce channels. Beauty accounted for 91.2% of segment revenue in FY26 at ₹9,139.49 crore, with Fashion at 8.3% (₹832.16 crore) and Others at 0.5% (₹50.7 crore). The beauty vertical recorded FY26 GMV of ₹15,000 crore at a 9.6% EBITDA margin, including the House of Nykaa owned-brands portfolio at ₹2,788 crore (+65% YoY); Nykaa Fashion generated ~₹5,000 crore of FY26 GMV (+30% YoY) and turned EBITDA positive at +0.3% in Q4 FY26. Across both verticals the platform sells more than 10,000 brands and serves over 55 million customers, with 1,500 new brands onboarded in FY26 alone. Other operating expenses (29.9% of revenue) and employee costs (7.7%) are the largest cost lines; depreciation is 3.2% and capex is 1.5% of revenue, reflecting an asset-light model. Plans to add 50-60 new stores in FY27 towards a target of ~500 stores in 3-4 years, and manages the Nike.com and Nike app end-to-end since February 2026.
Measured from the filed financials, judged against its E-Retail/ E-Commerce peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from FSN E COMMERCE VENTURES's filed financials and exchange disclosures
FSN E COMMERCE VENTURES is a Retailing company listed on NSE and BSE, trading under the symbol NYKAA.
Yes. Over the trailing twelve months FSN E COMMERCE VENTURES reported a net profit of ₹259 Cr on revenue of ₹10,649 Cr.
Not in the latest reported year — FSN E COMMERCE VENTURES's dividend payout for FY26 was nil.
No. Debt stands at 0.50× equity, and it carries net debt of ₹570 Cr. That is lower than 0% of its 12 E-Retail/ E-Commerce peers.
On trailing P/E, FSN E COMMERCE VENTURES ranks 9 of 10 in E-Retail/ E-Commerce — cheaper than 11% of them, against an industry median of 13.5×. This is a position, not a valuation judgement.
On a typical session FSN E COMMERCE VENTURES moves 1.01% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by FSN E COMMERCE VENTURES appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
