On Wednesday, August 19, 2026, shares of FSN E-Commerce Ventures, commonly known as Nykaa, experienced a commendable rise of 2.04%, reaching Rs 327.15 by 12:27 PM.
This stock is a notable element of the Nifty Midcap 150 index. The upturn occurs amidst various corporate declarations and a steadfast advancement in financial performance.
Financial Performance
FSN E-Commerce Ventures Nykaa has exhibited substantial financial growth, both quarterly and annually.
Quarterly Financials (Consolidated)
| Heading | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 2,154.94 Cr | 2,345.98 Cr | 2,873.26 Cr | 2,648.17 Cr | 2,782.00 Cr |
| Net Profit | 24.47 Cr | 32.98 Cr | 67.74 Cr | 78.75 Cr | 79.76 Cr |
| EPS | 0.08 | 0.12 | 0.22 | 0.27 | 0.28 |
In the quarter concluding June 2026, the enterprise reported revenues of Rs 2,782.00 Crore, an escalation from Rs 2,648.17 Crore in the quarter ending March 2026.
This signifies a quarter-on-quarter augmentation of approximately 5.05%. Net Profit also recorded a slight ascent, attaining Rs 79.76 Crore in June 2026 from Rs 78.75 Crore in the preceding quarter, reflecting a mild increase of about 1.28%.
Annual Financials (Consolidated)
| Heading | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | 3,773.94 Cr | 5,143.80 Cr | 6,385.63 Cr | 7,949.82 Cr | 10,022.35 Cr |
| Net Profit | 41.29 Cr | 24.82 Cr | 43.72 Cr | 73.70 Cr | 203.94 Cr |
| EPS | 0.88 | 0.07 | 0.11 | 0.23 | 0.70 |
| BVPS | 28.38 | 4.88 | 4.42 | 4.55 | 5.02 |
| ROE | 3.06 | 1.39 | 2.55 | 5.07 | 13.87 |
| Debt to Equity | 0.25 | 0.33 | 0.54 | 0.74 | 0.52 |
Annual revenue has shown remarkable consistency, climbing to Rs 10,022.35 Crore in 2026 from Rs 7,949.82 Crore in 2025, a noteworthy increase of around 26.07%.
The company’s Net Profit exhibited exceptional growth, escalating from Rs 73.70 Crore in 2025 to Rs 203.94 Crore in 2026, demonstrating an extraordinary rise of over 176%. Furthermore, the Return on Equity (ROE) improved from 5.07% in 2025 to 13.87% in 2026.
Standalone Income Statement (Annual)
| Annual | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Sales | 356 Cr | 419 Cr | 257 Cr | 217 Cr | 187 Cr |
| Other Income | 189 Cr | 157 Cr | 184 Cr | 128 Cr | 115 Cr |
| Total Income | 545 Cr | 577 Cr | 442 Cr | 346 Cr | 303 Cr |
| Total Expenditure | 420 Cr | 472 Cr | 345 Cr | 258 Cr | 175 Cr |
| EBIT | 125 Cr | 105 Cr | 96 Cr | 88 Cr | 127 Cr |
| Interest | 12 Cr | 7 Cr | 6 Cr | 7 Cr | 5 Cr |
| Tax | 25 Cr | 0 Cr | -27 Cr | 19 Cr | 18 Cr |
| Net Profit | 87 Cr | 97 Cr | 117 Cr | 61 Cr | 103 Cr |
As of March 2026, standalone sales totaled Rs 356 Crore, while Net Profit reached Rs 87 Crore. Comparatively, the Net Profit for March 2025 was higher at Rs 97 Crore, indicating a slight decline of approximately 10.31% in the latest annual standalone profit.
Standalone Income Statement (Quarterly)
| Quarterly | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Sales | 75 Cr | 102 Cr | 95 Cr | 76 Cr | 81 Cr |
| Other Income | 52 Cr | 61 Cr | 47 Cr | 40 Cr | 40 Cr |
| Total Income | 127 Cr | 163 Cr | 143 Cr | 117 Cr | 121 Cr |
| Total Expenditure | 110 Cr | 108 Cr | 111 Cr | 98 Cr | 102 Cr |
| EBIT | 17 Cr | 54 Cr | 31 Cr | 19 Cr | 19 Cr |
| Interest | 4 Cr | 4 Cr | 2 Cr | 2 Cr | 2 Cr |
| Tax | 3 Cr | 8 Cr | 7 Cr | 4 Cr | 4 Cr |
| Net Profit | 9 Cr | 41 Cr | 21 Cr | 12 Cr | 12 Cr |
In the quarter concluding June 2026, standalone Net Profit was reported at Rs 9 Crore, reflecting a decrease from Rs 41 Crore in the preceding quarter, representing a substantial decline of approximately 78.05%.
Sales similarly contracted from Rs 102 Crore to Rs 75 Crore quarter-on-quarter, marking a reduction of about 26.47%.
Cash Flow (Standalone)
| Cash Flow From | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Operating Activities | 63 Cr | 142 Cr | -31 Cr | -3 Cr | 72 Cr |
| Investing Activities | -194 Cr | -146 Cr | -31 Cr | -37 Cr | -944 Cr |
| Financing Activities | 130 Cr | 7 Cr | 52 Cr | 21 Cr | 872 Cr |
| Others | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Net Cash Flow | 0 Cr | 4 Cr | -9 Cr | -20 Cr | 0 Cr |
The company reported a Net Cash Flow of Rs 0 Crore in March 2026, with Cash Flow from Operating Activities at Rs 63 Crore and Investing Activities showing a negative Rs 194 Crore.
When compared to March 2025, Cash Flow from Operating Activities diminished by approximately 55.63%, descending from Rs 142 Crore.
Balance Sheet (Standalone)
| Equities & Liabilities | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Share Capital | 286 Cr | 285 Cr | 285 Cr | 285 Cr | 47 Cr |
| Reserves & Surplus | 1,516 Cr | 1,373 Cr | 1,341 Cr | 1,363 Cr | 1,502 Cr |
| Current Liabilities | 238 Cr | 209 Cr | 166 Cr | 93 Cr | 100 Cr |
| Other Liabilities | 121 Cr | 20 Cr | 19 Cr | 43 Cr | 40 Cr |
| Total Liabilities | 2,162 Cr | 1,889 Cr | 1,812 Cr | 1,786 Cr | 1,690 Cr |
| Fixed Assets | 81 Cr | 57 Cr | 37 Cr | 26 Cr | 16 Cr |
| Current Assets | 510 Cr | 411 Cr | 680 Cr | 1,059 Cr | 951 Cr |
| Other Assets | 1,570 Cr | 1,420 Cr | 1,095 Cr | 700 Cr | 722 Cr |
| Total Assets | 2,162 Cr | 1,889 Cr | 1,812 Cr | 1,786 Cr | 1,690 Cr |
As of March 2026, the company reported Total Assets and Total Liabilities amounting to Rs 2,162 Crore each.
Reserves & Surplus witnessed an increase to Rs 1,516 Crore from Rs 1,373 Crore in March 2025, equating to a rise of approximately 10.42%.
Ratios (Standalone)
| Per Share Ratios | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 0.31 | 0.34 | 0.41 | 0.22 | 2.22 |
| Diluted EPS (Rs.) | 0.31 | 0.34 | 0.41 | 0.21 | 2.20 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 6.30 | 5.80 | 5.70 | 5.78 | 32.69 |
| Dividend/Share (Rs.) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 1 | 1 | 1 | 1 | 1 |
The company’s Price-to-Earnings (P/E) ratio for March 2026 stands at an astonishing 758.06, with a Price-to-Book (P/B) ratio at 37.36.
The Debt-to-Equity ratio is recorded at 0.10. In terms of profitability, the Gross Profit Margin was 40.26%, and the Net Profit Margin reached 24.64%.
Additionally, the Basic EPS for March 2026 was recorded at Rs 0.31, signifying a decrease of approximately 8.82% compared to Rs 0.34 in March 2025.
Corporate Actions
On August 9, 2026, the firm announced the allotment of 226,200 Equity shares as part of its Employee Stock Option Schemes.
Furthermore, on August 4, 2026, FSN E-Commerce Ventures disseminated a press release emphasizing a remarkable 29% year-on-year Net Revenue growth and an impressive 226% year-on-year profit post-tax increase for Q1 FY2027, coupled with the acquisition of a majority stake in Aminu Wellness Pvt Ltd., thereby bolstering its premium skincare collection.
Previously, the company executed a bonus share issuance in a 5:1 ratio, with the ex-bonus date set for November 10, 2022.
The recent uptick in the stock resonates with an optimistic market sentiment, as confirmed by Moneycontrol’s latest analysis.
Source link: Moneycontrol.com.
