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FSN E-Commerce Ventures Results: Latest Quarterly Results & Analysis

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FSN E-Commerce Ventures Ltd. 04 Aug 2026 16:39 PM
Result PDF

Q1FY27 Quarterly Result Announced for FSN E-Commerce Ventures Ltd.

Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q1FY27 results

Consolidated Financial Highlights:

  • Revenue from Operations: The company reported revenue of Rs 2,782.00 crore in Q1FY27, representing a YoY growth of 29.10% from Rs 2,154.94 crore in Q1FY26. Sequentially, revenue increased by 5.05% from Rs 2,648.17 crore in Q4FY26.
  • Total Income: Total income for Q1FY27 stood at Rs 2,791.31 crore, showing a YoY increase of 28.97% compared to Rs 2,164.27 crore and a QoQ increase of 5.04% compared to Rs 2,657.32 crore in Q4FY26.
  • Profit Before Tax: The company recorded a profit before tax of Rs 129.16 crore in Q1FY27, a significant growth of 195.49% YoY from Rs 43.71 crore. On a QoQ basis, it grew by 6.29% from Rs 121.52 crore.
  • Net Profit (Profit for the period): Net profit after tax stood at Rs 79.76 crore in Q1FY27, marking a YoY increase of 225.95% from Rs 24.47 crore. Sequentially, it grew by 1.28% from Rs 78.75 crore in Q4FY26.
  • Total Comprehensive Income: Total comprehensive income was Rs 79.84 crore in Q1FY27, compared to Rs 24.59 crore in Q1FY26 (YoY growth of 224.68%) and Rs 81.10 crore in Q4FY26 (QoQ decline of 1.55%).
  • Earnings Per Share (EPS): Basic and Diluted EPS for Q1FY27 stood at Rs 0.28, compared to Rs 0.08 in Q1FY26 and Rs 0.27 in Q4FY26.

Standalone Financial Highlights:

  • Revenue from Operations: Standalone revenue for Q1FY27 was Rs 75.42 crore, a decrease of 7.83% YoY from Rs 81.83 crore and a decrease of 26.08% QoQ from Rs 102.03 crore in Q4FY26.
  • Total Income: Standalone total income stood at Rs 127.69 crore in Q1FY27, showing a YoY growth of 4.72% from Rs 121.93 crore and a sequential decline of 21.74% from Rs 163.16 crore.
  • Net Profit after tax: Standalone net profit for Q1FY27 was Rs 9.57 crore, reflecting a YoY decline of 25.93% from Rs 12.92 crore and a QoQ decline of 76.68% from Rs 41.04 crore.

Business Highlights

  • Acquisition of Aminu Wellness: The Board approved the acquisition of a 51% equity stake in Aminu Wellness Private Limited for a consideration of up to Rs 32 crore. Aminu is engaged in the manufacture, marketing, and sale of cosmetics in the skincare category. The transaction is expected to be completed by September 15, 2026.
  • Target Performance: Aminu Wellness Private Limited reported a turnover of Rs 19.44 crore for FY26, Rs 12.96 crore for FY25, and Rs 8.40 crore for FY24.
  • Segment-wise Performance:
    • Beauty Segment: This segment recorded a revenue of Rs 2,516.33 crore in Q1FY27, up from Rs 1,975.37 crore in Q1FY26. The segment profit before exceptional items and tax was Rs 159.10 crore. This segment includes the online beauty platform, beauty-owned brands, physical retail stores, and eB2B distribution.
    • Fashion Segment: The segment reported revenue of Rs 252.63 crore in Q1FY27, compared to Rs 170.83 crore in Q1FY26. It recorded a segment loss of Rs 8.52 crore for the quarter.
    • Others Segment: This segment, comprising the international beauty business, reported revenue of Rs 13.04 crore in Q1FY27 and a segment loss of Rs 13.90 crore.
  • Capital Employed: The total capital employed by the Group stood at Rs 1,595.17 crore as of June 30, 2026.

Falguni Nayar, Executive Chairperson, Founder and CEO of Nykaa, said, "This quarter marked continued acceleration in our growth momentum and EBITDA margins, both reaching their highest levels in the last 12 quarters. Our platform featured exciting new brand launches like Rare Beauty, one of the world’s largest celebrity beauty brands, already among the top 5 premium brands at Nykaa, SK-II, a Japanese high-efficacy brand, and Judydoll, among our first Chinese beauty brands, which is witnessing strong early traction among consumers. This also marks our first full quarter of operating nike.in in India, which has led to meaningful increase to our already growing fashion business. Our AI-led initiatives are beginning to create meaningful consumer experiences, with Virtual Closet already driving 2x higher conversion and AskNykaa, our conversational search engine, emerging as a trusted beauty advisor on the platform. We remain focused on building with discipline, innovation, and long-term value creation."

Result PDF

Result PDF

Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q3FY26 results

  • Consolidated GMV grew 28% to Rs 5,795 crore in Q3FY26.
  • Revenue from Operations grew 27% YoY to Rs 2,873 crore in Q3FY26.
  • Gross Profit grew 31% YoY to Rs 1,297 crore in the quarter.
  • EBITDA grew 63% YoY to Rs 230 crore in Q3FY26.
  • EBITDA margins expanded to 8.0% in Q3FY26 vs 6.2% in Q3FY25.
  • Profit Before Tax increased to Rs 110 crore, up 146% YoY.
  • Net Profit for the period (PAT) was Rs 68 crore (2.4% of NR), up 156% YoY in Q3FY26. PAT after adjusting one time impact of new labour code is Rs 78 crore (2.7% of NR).

Falguni Nayar, Executive Chairperson, Founder & CEO Nykaa, said: “Q3FY26 marked a record quarter for Nykaa, with our highest-ever GMV and EBITDA margin, while sustaining our long-term growth trajectory. Over a 13-year journey, Nykaa has evolved into a multi- platform lifestyle business addressing a USD 100 billion beauty and fashion opportunity and serving over 52 million customers across One Nykaa. This performance reflects steady execution against our strategic priorities, as we continue to invest in assortment expansion, offline growth, and technology-led discovery, alongside a disciplined focus on efficiency. These foundations position us well for sustained, long-term growth.”

Result PDF

Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q2FY26 results

  • Consolidated GMV grew 30% to Rs 4,744 crore.
  • Revenue from Operations grew 25% YoY to Rs 2,346 crore in Q2FY26. This marks the 12th consecutive quarter of ~mid20s growth.
  • Gross Profit grew 28% YoY to Rs 1,054 crore in the quarter, highest gross margin in last 12 quarters.
  • EBITDA grew 53% YoY to Rs 159 crore.
  • EBITDA margins expanded to 6.8% in Q2FY26 vs 5.5% in Q2FY25, highest since IPO.
  • Net Profit for the period (PAT) was Rs 33 crore, up 154% YoY in Q2FY26.

Falguni Nayar, Executive Chairperson, Founder & CEO, Nykaa, said: “Our performance this quarter reflects accelerated growth momentum across Nykaa, with each of our businesses contributing meaningfully to this trajectory. The Beauty business continues to deliver consistently, achieving over 25% GMV growth for several consecutive quarters. This quarter saw accelerated brand launches, particularly across Luxury and Korean Beauty, alongside the addition of 19 new stores, further strengthening our omnichannel presence. Through Nykaa Now, our rapid delivery model, we are able to deliver unparalleled convenience to consumers without compromising on assortment. Our House of Nykaa portfolio recorded an impressive 54% YoY GMV growth, driven by sustained momentum in our owned beauty brands, which continue to resonate deeply with consumers. The Fashion business delivered 37% YoY GMV growth, complemented by the introduction of globally trending brands this year such as GAP, Guess, and H&M, reinforcing our differentiated curation and growing appeal in premium fashion. Even our customer acquisition has accelerated, now with 49 million cumulative customer base across beauty & fashion. Strategically, this has been a pivotal quarter, one where our long-term growth pillars have translated into near-term acceleration, underscoring the strength and scalability of the Nykaa ecosystem.”

Result PDF

Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q1FY26 results

  • Revenue from Operations grew 23% YoY to Rs 2,155 crore in Q1FY26.
  • Gross Profit grew 27% YoY to Rs 962 crore in the quarter.
  • EBITDA grew 46% YoY to Rs 141 crore in Q1FY26.
  • EBITDA margins expanded to 6.5% vs 5.5% in Q1FY25.
  • Profit Before Tax grew 98% YoY to Rs 44 crore in Q1FY26.
  • Net Profit for the period (PAT) was Rs 24 crore, up 79% YoY.

Falguni Nayar, Executive Chairperson, Founder & CEO, Nykaa, said: “This quarter’s performance underscores Nykaa’s ability to consistently balance growth and profitability across both our beauty and fashion businesses. Our GMV for the quarter grew 26% YoY to Rs 4,182 crore, supported by accelerated premiumization and deeper market penetration. Since our IPO, we have consistently delivered mid-20s growth at a consolidated level. Our cumulative customer base now stands at 45 million, reflecting the growing trust and adoption of our platform. The House of Nykaa Beauty business also continues to scale rapidly, driven by successful new launches and strong consumer demand, now contributing 18% of our overall beauty GMV*—a clear testament to our brand-building strength.”

Result PDF

Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue from Operations grew 24% YoY to Rs 2,062 crore in the quarter.
  • Gross Profit grew 28% YoY to Rs 909 crore in the quarter.
  • EBITDA grew 43% YoY to Rs 133 crore in Q4FY25.
  • EBITDA margin was 6.5% in Q4FY25 vs 5.6% in Q4FY24
  • Profit before Tax grew 102% YoY to Rs 40 crore in Q4FY25
  • Net Profit for the Period was Rs 19 crore, up 110% YoY.

FY25 Financial Highlights:

  • Revenue from Operations grew 24% YoY to Rs 7,950 crore in the year
  • Gross Profit grew 27% YoY to Rs 3,477 crore in the year.
  • EBITDA grew 37% YoY to Rs 474 crore in FY25.
  • EBITDA margin was 6.0% in FY25 vs 5.4% in FY24
  • Profit before Tax grew 85% YoY to Rs 127 crore in FY25
  • Net Profit for the Period grew 81% YoY to Rs 72 crore.

Result PDF

Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q3FY25 results

  • Revenue from Operations grew 27% YoY to Rs 22,672 million in Q3FY25.
  • Gross Profit grew 30% YoY to Rs 9,911 million in the quarter.
  • EBITDA grew 42% YoY to Rs 1,408 million in Q3FY25.
  • EBITDA margins expanded to 6.2% vs 5.5% in Q3FY24.
  • Profit Before Tax grew 68% YoY to Rs 446 million in Q3FY25.
  • Net Profit for the Period was Rs 264 million, up 51% YoY.

Result PDF

Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q2FY25 results

  • Revenue from Operations grew 24% YoY to Rs 18,747 million in Q2FY25.
  • Gross Profit grew 26% YoY to Rs 8,210 million in the quarter.
  • EBITDA grew 29% YoY to Rs 1,037 million in Q2FY25.
  • Profit Before Tax grew 60% YoY to Rs 213 million in Q2FY25.
  • Net Profit for the Period was Rs 130 million, up 66% YoY.

Result PDF

Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from Operations grew 28% YoY to Rs 16,680 million in the quarter.
  • Gross Profit grew 23% YoY to Rs 7,102 million in the quarter. Gross Margin stood at 42.6%.
  • EBITDA grew 32% YoY to Rs 933 million in Q4FY24. EBITDA margin was 5.6% in Q4FY24 vs 5.4% in Q4FY23
  • Profit before Tax grew 126% YoY to Rs 196 million in Q4FY24
  • Net Profit for the Period was Rs 91 million, up 298% YoY

FY24 Financial Highlights:

  • Revenue from Operations grew 24% YoY to Rs 63,856 million in the year
  • Gross Profit grew 20% YoY to Rs 27,392 million in the quarter. Gross Margin stood at 42.9%
  • EBITDA grew 35% YoY to Rs 3,462 million in FY24. EBITDA margin was 5.4% in FY24 vs 5.0% in FY23
  • Profit before Tax grew 80% YoY to Rs 690 million in FY24.
  • Net Profit for the Period grew 90% YoY to Rs 397 million.

Result PDF

Internet Catalogue & Retail company FSN E-Commerce Ventures announced Q3FY24 results:

Financial Highlights:
- Gross Merchandise Value (GMV): Increased by 29% YoY to Rs 36,194 million in Q3FY24.
- Revenue from Operations: Rose by 22% YoY to Rs 17,888 million in the quarter.
- Gross Margin: Grew by 20% YoY, reaching Rs 7,607 million, with a gross margin of 42.5%.
- Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): Expanded by 26% YoY to Rs 988 million in Q3FY24.
- Profit Before Tax (PBT): Surged by 109% YoY to Rs 265 million in Q3FY24.
- Net Profit for the Period (PAT): Increased significantly by 106% YoY to Rs 175 million, with a PAT margin of 1.0%.

Business Highlights - Beauty & Personal Care (BPC):
- The BPC segment's consolidated GMV observed industry-leading growth of 25% YoY.
- Physical retail footprint expanded with 39 new stores, totaling 174, contributing to more than 9% of BPC GMV and improving EBITDA by 35% YoY.
- Notable growth in owned beauty brands, with Dot & Key reaching a Rs 5,000 million GMV run rate.

Business Highlights - Fashion:
- Fashion GMV experienced substantial growth of 40% YoY.
- The number of annual unique transacting customers (AUTC) grew by 23% YoY to 2.9 million.
- Contribution margin as a percentage to NSV for Nykaa Fashion improved by 510 basis points to 6.0% in Q3FY24

New Businesses/Others:
- New businesses, which include distribution operations such as Superstore by Nykaa, grew NSV by 88% YoY in Q3FY24.
- Distribution business contribution margin as a percentage to NSV improved by 766 basis points YoY. 

Result PDF

Internet & Catalogue Retail company FSN E-Commerce Ventures announced Q2FY24 results:

Financial Highlights:
1. Consolidated revenue from operations grew by 22% YoY, crossing Rs 15,07 crore in Q2FY24.
2. Gross Margin Value grew 25% YoY to Rs 29,435 million in Q2FY24.
3. NSV grew 24% YoY to Rs 14,983 million in Q2FY24.
4. EBITDA increased by 32% YoY to over Rs 80 crore, with an EBITDA margin of 5.4% for Q2FY24.
5. Profit Before Tax grew by 51% YoY to Rs 133 million, and Net Profit for the quarter increased by 50% YoY to Rs 78 million.
6. Net Profit for the Period grew 50% YoY to Rs 78 million.

Business Highlights:
1. Beauty & Personal Care (BPC):
- BPC GMV grew at 23% YoY, with NSV growth of 19% YoY.
- Physical retail business expanded with 13 new stores launched in the quarter.
- Owned beauty brands experienced NSV growth of close to 21% YoY.

2. Fashion:
- Consolidated revenue from operations in fashion business grew by 28% YoY.
- NSV in Q2FY24 increased by 32% YoY, driven by an increase in annual unique transacting customers.
- Contribution margin as a % to NSV for Nykaa Fashion improved to 4.7% in Q2FY24.

3. Others/New Businesses:
- Superstore by Nykaa witnessed NSV growth of 105% YoY, serving almost 1.3 lakh transacting retailers across 770 cities.
- Significant YoY improvement in contribution margin for new businesses.

 

 

Result PDF

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