FSN E-Commerce Ventures Ltd

NYKAA

Watchlist

AI Mode

‌

Market Cap

₹ 72,064 Cr

P/E

668.24

‌

Investment Checklist

How to read checklist?

Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

SLUGGISH

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

FSN E-Commerce Ventures Limited, known as Nykaa, primarily operates in the online and offline distribution of beauty, wellness, and fashion products. It boasts a broad portfolio that includes its own house brands and international luxury brands.

In Q2 FY26, Nykaa reported a GMV of INR 4,744 crores, marking a growth of 30% year-on-year, demonstrating the company's robust growth trajectory, especially in its beauty and fashion verticals.

The company continues to strengthen its footprint with 265 physical stores, serving as experiential centers and supporting its omnichannel strategy, demonstrating its commitment to premiumization.

Nykaa has expanded its influence with strategic international partnerships, like the exclusive launch of Kay Beauty in the UK, enhancing its market presence beyond India.

Innovative retail strategies, such as hyperlocal delivery and tech-advanced initiatives like beauty diagnostics, have been pivotal in retaining consumer interest and driving sales.

Sector

E-Commerce/App based Aggregator

Industry

Trading - Medium / Small

Market Cap

72,064 Cr

Volatility

Low Risk

P/E Ratio

668.24

Industry P/E

35.9

PEG Ratio

—

P/B Ratio

51.9

52W High

273.20

52W Low

154.90

Sales CAGR

24.50%

30.79%

17.48%

10Y

—

Profit CAGR

68.57%

-2.02%

45.23%

10Y

—

ROE

TTM

7.50%

2.93%

3.76%

10Y

—

ROCE

TTM

10.97%

9.81%

9.35%

10Y

—

Technicals

Oscillators

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Forecasts

Unlock Premium Features

Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
NYKAA	251.05	72,064 Cr	678.51	51.92	0.00	7.50	10.97	2.39
PREMIERENE	930.50	42,459 Cr	35.56	12.29	0.05	34.58	33.97	15.44
AEGISLOG	750.95	26,364 Cr	36.78	4.44	1.07	12.07	15.22	7.44
CPPLUS	1565.50	18,405 Cr	92.98	11.60	0.00	12.48	17.75	5.87
GDTRAGN	11094.95	15,116 Cr	—	1615.43	0.00	-26.49	4.23	-8.90
FIRSTCRY	285.95	14,926 Cr	—	3.13	0.00	-2.52	-0.18	-2.68
CELLO	567.65	12,586 Cr	37.76	5.49	0.26	14.53	21.06	12.85

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1,422	1,507	1,789	1,668	1,746	1,875	2,267	2,062	2,155	2,346
Expenses	1,348	1,426	1,690	1,575	1,650	1,771	2,126	1,928	2,014	2,187
Operating Profit	73	81	99	93	96	104	141	133	141	159
OPM %	5.17	5.35	5.52	5.59	5.50	5.53	6.21	6.47	6.53	6.78
Other Income	6.72	8.57	7.58	7.06	7.33	5.45	5.53	8.95	9.33	6.99
Interest	19	21	22	21	21	24	32	30	30	31
Depreciation	52	55	58	60	60	64	70	73	76	79
Profit Before Tax	9.72	13	26	20	22	21	45	40	44	55
Tax %	33.54	29.94	31.18	50.26	35.51	36.78	39.47	51.83	44.02	40.45
Net Profit	6.46	9.29	18	9.74	14	13	27	19	24	33
EPS in Rs	0.02	0.02	0.06	0.02	0.03	0.04	0.09	0.07	0.08	0.12

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	574	1,111	1,768	2,441	3,774	5,144	6,386	7,950	8,359
Expenses	601	1,091	1,686	2,284	3,611	4,888	6,039	7,476	7,840
Operating Profit	-27	21	81	157	163	256	346	474	518
OPM %	-4.63	1.85	4.59	6.42	4.33	4.98	5.42	5.96	6.20
Other Income	3.72	4.99	10	12	27	30	30	27	29
Interest	7.16	26	44	31	47	75	83	107	116
Depreciation	7.40	31	60	72	96	173	224	266	282
Profit Before Tax	-37	-32	-12	66	47	38	69	127	149
Tax %	24.74	22.64	-31.46	6.77	12.72	35.35	36.67	42.17	43.70
Net Profit	-28	-25	-16	62	41	25	44	74	84
EPS in Rs	—	—	—	9.80	2.50	0.07	0.12	0.23	0.36
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	14	14	15	15	47	285	286	286
Reserves	108	216	308	475	1,292	1,093	977	1,015
Borrowings	83	310	412	333	593	798	969	1,321
Other Liabilities	149	235	390	479	714	773	1,169	1,358
Total Liabilities	353	776	1,124	1,302	2,646	2,950	3,401	3,980
Fixed Assets	34	140	227	231	483	699	668	835
CWIP	0.44	0.32	2.02	2.36	24	31	30	37
Investments	10	138	3.80	1.32	0.00	38	34	0.16
Other Assets	308	497	892	1,067	2,138	2,182	2,668	3,108
Total Assets	353	776	1,124	1,302	2,646	2,950	3,401	3,980

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-79	-100	6.15	133	-354	-140	0.25	467
Cash from Investing Activity	31	-162	15	-130	-603	140	-10	-205
Cash from Financing Activity	82	236	69	-38	927	4.87	44	-212
Net Cash Flow	33	-26	90	-34	-30	4.20	34	49

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	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	11.06%	12.26%	10.04%	9.84%	10.65%	10.32%	10.48%	10.13%	9.04%	8.83%	11.64%	12.54%
DIIs	6.36%	7.85%	11.59%	14.31%	15.25%	17.16%	18.29%	21.84%	23.56%	25.20%	23.65%	24.98%
Public	30.24%	27.61%	26.09%	23.60%	21.87%	20.30%	19.02%	15.84%	15.23%	13.80%	12.58%	10.36%
Total Shareholders	5,66,282	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

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jul 03, 2025	Harinderpal singh banga	Bulk	Sell	202.57	1,215.42 Cr	6,00,00,000	2.09
May 30, 2025	Bnp paribas financial markets	Bulk	Buy	202.08	2.05 Cr	1,01,548	0.00
May 30, 2025	Bnp paribas financial markets	Bulk	Sell	202.81	503.61 Cr	2,48,31,803	0.86
Aug 23, 2024	Harinderpal singh banga	Bulk	Sell	208.30	851.50 Cr	4,08,78,740	1.42
Aug 23, 2024	Kotak mahindra mutual fund	Block	Buy	208.30	2.46 Cr	1,18,085	0.00
Aug 23, 2024	Harinderpal singh banga	Block	Sell	208.30	154.14 Cr	74,00,000	0.25
Aug 23, 2024	Harinderpal singh banga	Block	Sell	208.30	88.72 Cr	42,59,200	0.14
Aug 23, 2024	Harinderpal singh banga	Block	Sell	208.30	77.07 Cr	37,00,000	0.12
Aug 23, 2024	Harinderpal singh banga	Block	Sell	208.30	77.07 Cr	37,00,000	0.12
Aug 23, 2024	Kotak mahindra mutual fund	Block	Buy	208.30	61.49 Cr	29,52,128	0.10

Projection

Unlock Premium Features

Get In-depth insights on EPS and Revenue forecasts

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

ESOP Allotment

3 days ago

Equity Shares Allotment Under ESOP

FSN E-Commerce Ventures Limited has allotted 2,59,450 Equity Shares due to the exercise of vested stock options by employees under the company's ESOP.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q4 FY24

Investor Presentation

Q4 FY24

Showing 1 - 8 of 24

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode