| Management target | Revenue 35.0% FY30 |
|---|
| Revenue growth | 29% YoY growth driven by Beauty and Fashion vertical acceleration. |
|---|---|
| Margins | EBITDA margins improved 200 bps YoY to 8.5% on scale. |
| Demand visibility | Positive long-term outlook despite Q2/Q3 seasonal festivities timing shifts. |
| Management confidence | Balanced and optimistic, highlighting structural improvements and technological moats. |
Growth
Strong 29% YoY revenue growth was volume-led, supported by 33% growth in active consumers to 60 million.
Outlook
Management aims for 3x to 3.5x growth over a 4-5 year horizon through FY2030.
Risks
High fulfillment costs in quick commerce and potential seasonal shifts affecting Q2/Q3 demand visibility.
Last quarter's promises, checked
Delivered
- GMV Growth ~28% → delivered 29% (= BEAT)
- EBITDA Margin Improvement → delivered 8.5% vs 7.5% prev (= BEAT)
- Fashion segment recovery/profitability → delivered 53% GMV growth (= BEAT)
Partly delivered
- Offline expansion 50-60 doors/year → delivered 13 cities for Nykaa Now (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: NYKAA. Summary written with AI assistance from the document.
FSN E-Commerce Ventures Ltd: key numbers
- Share price
- ₹333.70
- Market cap
- ₹95,582 Cr
- Revenue (annual)
- ₹10,022 Cr
- Net profit (annual)
- ₹199.4 Cr
- P/E (TTM)
- 373.2×Sector 67.6×
- Promoter holding
- 52.08%-0.01% QoQ
- FII holding
- 13.73%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from FSN E-Commerce Ventures Ltd
All →FSN E-Commerce Ventures Acquisition
FSN E-Commerce Ventures Limited completed its acquisition of a 51% stake in Aminu Wellness Private Limited. Aminu is now a subsidiary of the company.
FSN E-Commerce Ventures Partnership
Nykaa and L'Oréal's corporate venture fund, BOLD, are collaborating to co-invest in emerging Indian beauty and wellness brands, leveraging shared resources and industry expertise.
FSN E-Commerce Ventures Other Announcement
Nykaa announced an improved ESG rating of 64 from Crisil, categorized as "Strong". This rating was voluntarily assigned by Crisil without company engagement.
FSN E-Commerce Ventures Employee Stock Options
FSN E-Commerce Ventures Limited allotted 1,80,870 equity shares under its Employee Stock Option Schemes. The allotment follows the exercise of vested options by employees.
FSN E-Commerce Ventures Merger & Restructuring
FSN E-Commerce Ventures has completed the acquisition of an additional 24.2% stake in its subsidiary, Earth Rhythm Private Limited, following previously approved plans.
FSN E-Commerce Ventures Investor Presentation: Key Takeaways
Nykaa reported strong Q1FY27 performance with 34% GMV growth and 226% PAT growth. Strategy focuses on premiumization, omnichannel expansion (324 stores), and acquiring a 51% stake in Aminu for Rs 32 Cr.