FSN E-Commerce Ventures Ltd Share Price – NSE  / BSE

E-Commerce/App based Aggregator, Small Cap

Consolidated net revenue is expected to rise in the high twenties, marking the company?s fastest growth in the past 12 quarters, driven by sharp acceleration in the fashion vertical and sustained strength in the beauty business.

For FY26, NSV growth is likely to improve to the high twenties, up from mid-twenties over the past two years. Net revenue is projected at the upper-mid twenties, reflecting steady performance across segments.

The beauty vertical continued its strong momentum, with GMV, NSV, and net revenue growth in the high twenties. Strong conversion metrics, omnichannel execution, and accelerated growth in House of Nykaa supported overall performance.

Nykaa recorded its highest-ever quarterly retail expansion, adding 26 new stores and integrating 11 Kiehl?s outlets in Q4, taking the total store count to 313 as of 31 March 2026.

The fashion vertical showed sharp recovery, with GMV growth in the high twenties and NSV growth in the low forties. Net revenue growth in the segment improved to the high thirties, driven by better platform traction, robust customer acquisition, and an expanding brand portfolio. Strategic initiatives, including the Nike partnership and Pink Love Sale, further supported growth.

The company noted that geopolitical developments in West Asia had no material impact during the quarter, with the Middle East contributing less than 1% to overall revenue.

The quarter?s performance underscores Nykaa?s strengthening growth trajectory, supported by balanced momentum across beauty and fashion segments.

FSN E-Commerce Ventures (Nykaa) journey began in 2012 as a digital-first, consumer tech beauty company. It has expanded its offerings to include fashion and B2B, launching platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore.

The company?s consolidated net profit climbed surged 142.38% to Rs 63.31 crore on 26.73% increase in revenue from operations to Rs 2873.26 crore in Q3 FY26 over Q3 FY25.

FSN E-Commerce Ventures has allotted 1,69,300 equity shares under ESOS on 17 March 2026.

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Profit before exceptional items and tax surged sharply 182.72% YoY to Rs 125.98 crore during the quarter. Exceptional items stood at Rs 16.36 crore which is related to labour code compliance.

EBITDA grew 63% YoY to Rs 230 crore in Q3 FY 2026. EBITDA margins expanded to 8.0% in Q3 FY2026 as against 6.2% in Q3 FY2025. Consolidated GMV grew 28% to Rs 5,795 Cr in Q3 FY2026.

Beauty business? gross merchandise value (GMV) jumped 27% YoY to Rs 4,302 core during the quarter, supported by sustained momentum across e-commerce, physical retail, and owned brands under the House of Nykaa

House of Nykaa ? Beauty and Fashion GMV for the quarter stood at Rs 872 crore, registering a robust 48% YoY growth.

Falguni Nayar, executive chairperson, founder and CEO Nykaa said, ?Q3 FY2026 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 more than $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.?

FSN E-Commerce Ventures (Nykaa) journey began in 2012 as a digital-first, consumer tech beauty company. It has expanded its offerings to include fashion and B2B, launching platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore.

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Net profit of FSN E-Commerce Ventures rose 142.38% to Rs 63.31 crore in the quarter ended December 2025 as against Rs 26.12 crore during the previous quarter ended December 2024. Sales rose 26.73% to Rs 2873.26 crore in the quarter ended December 2025 as against Rs 2267.21 crore during the previous quarter ended December 2024.

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