High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Size: It is among the top 200 market size companies of india.
Smart Money: Smart money has been increasing their position in the stock.
Growth: Awesome revenue growth! Revenue grew 26.1% over last year and 94.3% in last three years on TTM basis.
Balance Sheet: Reasonably good balance sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 23.5% return compared to 8.1% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Dividend: Stock hasn't been paying any dividend.
Valuation | |
|---|---|
| Market Cap | 77.88 kCr |
| Price/Earnings (Trailing) | 394.2 |
| Price/Sales (Trailing) | 7.75 |
| EV/EBITDA | 102.19 |
| Price/Free Cashflow | 158.8 |
| MarketCap/EBT | 235.84 |
| Enterprise Value | 78.45 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 10.06 kCr |
| Rev. Growth (Yr) | 28.3% |
| Earnings (TTM) | 203.94 Cr |
| Earnings Growth (Yr) | 313.4% |
Profitability | |
|---|---|
| Operating Margin | 3% |
| EBT Margin | 3% |
| Return on Equity | 13.58% |
| Return on Assets | 4.42% |
| Free Cashflow Yield | 0.63% |
Growth & Returns | |
|---|---|
| Price Change 1W | 1.8% |
| Price Change 1M | -0.20% |
| Price Change 6M | 11.4% |
| Price Change 1Y | 39.4% |
| 3Y Cumulative Return | 23.5% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -158.94 Cr |
| Cash Flow from Operations (TTM) | 644.3 Cr |
| Cash Flow from Financing (TTM) | -433.1 Cr |
| Cash & Equivalents | 177.2 Cr |
| Free Cash Flow (TTM) | 490.43 Cr |
| Free Cash Flow/Share (TTM) | 1.71 |
Balance Sheet | |
|---|---|
| Total Assets | 4.61 kCr |
| Total Liabilities | 3.11 kCr |
| Shareholder Equity | 1.5 kCr |
| Current Assets | 3.19 kCr |
| Current Liabilities | 2.76 kCr |
| Net PPE | 299.97 Cr |
| Inventory | 1.64 kCr |
| Goodwill | 97.5 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.16 |
| Debt/Equity | 0.5 |
| Interest Coverage | 1.82 |
| Interest/Cashflow Ops | 6.5 |
Dividend & Shareholder Returns | |
|---|---|
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.40% |
Size: It is among the top 200 market size companies of india.
Smart Money: Smart money has been increasing their position in the stock.
Growth: Awesome revenue growth! Revenue grew 26.1% over last year and 94.3% in last three years on TTM basis.
Balance Sheet: Reasonably good balance sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 23.5% return compared to 8.1% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Dividend: Stock hasn't been paying any dividend.
Investor Care | |
|---|---|
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 0.69 |
Financial Health | |
|---|---|
| Current Ratio | 1.16 |
| Debt/Equity | 0.5 |
Technical Indicators | |
|---|---|
| RSI (14d) | 52.66 |
| RSI (5d) | 72.73 |
| RSI (21d) | 49.85 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of FSN E-Commerce Ventures's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
FSN E-Commerce Ventures Limited (Nykaa) showcased a robust financial performance in Q3 FY26, with significant operational highlights outlined by management. The Gross Merchandise Value (GMV) grew by 28% year-on-year, reaching INR 5,795 crores. Net revenue stood at INR 2,873 crores, marking a 27% increase. Gross profit reached INR 1,297 crores, accounting for 45.2% of net revenue, reflecting a 31% growth year-on-year. EBITDA was recorded at INR 230 crores, translating to an impressive 63% year-on-year growth and representing the highest EBITDA margin at 8.0%. Profit After Tax (PAT) rose to INR 68 crores, reflecting a substantial 156% increase from the previous year, adjusted for a one-time labor code impact.
The Beauty segment demonstrated continued momentum with a GMV growth of 27%, while the Fashion segment recorded a GMV growth of 31%. Notably, the EBITDA margin for the Beauty sector improved to 10.1%. On customer acquisition, Nykaa has achieved 18.7 million unique transacting customers, growing by 26% year-on-year. Management emphasized the introduction of strategic partnerships with brands like L'Oreal and Nike, enhancing NYKAA's market presence. Nykaa Now has stabilized and is expected to expand, offering faster delivery in Tier 1 cities.
Key forward-looking points include expectations of sustained growth in gross margins driven by scaling of owned brands and improved efficiencies across all business segments. The management also indicated confidence in the ability to maintain mid-20s growth in the longer term, supported by ongoing investments in marketing and customer acquisition strategies. Overall, the outlook is optimistic regarding both revenue growth and profitability, with a commitment to leverage market opportunities while navigating challenges in customer engagement and competition.
Q1: Sachin Dixit: "What are you seeing or doing that proves the street wrong regarding AOV as you ramp up customer acquisition?"
Anchit Nayar: "New customers always have a lower AOV than repeat customers, as engagement drives comfort and knowledge in product selection. We focus on educating customers, and notably, the AOV for new customers hasn't dipped significantly, indicating there are still affordability opportunities. Thus, while acquiring new customers, we maintain healthy AOVs."
Q2: Sachin Dixit: "What is driving the strong margin improvement in the BPC business?"
Anchit Nayar: "Margin improvement in beauty comes from growth in all four revenue streams: beauty.com, retail, owned brands, and B2B. Increased ad income, primarily during peak sales periods, and our MarTech enhancement allowed us to monetize more effectively, contributing to the better overall margin profile."
Q3: Nikhil Choudhary: "What is the profitability comparison between Nykaa Now and the main platform?"
Anchit Nayar: "In the cities where Nykaa Now operates, a significant percentage of orders are fulfilled through this service. While profitability per order is comparable, Nykaa Now might have lower AOVs currently. However, we prioritize frequency of purchase, which impacts overall consumption value positively, making it non-dilutive to profitability overall."
Q4: Kapil Singh: "Is the partnership with Nike a different revenue model compared to typical marketplace partnerships?"
Falguni Nayar: "Yes, this arrangement is structured similarly to e-commerce models, with inventory margins and marketing costs factored in. Nike chose us for our tech capabilities and ability to manage D2C experiences, which reflects our broader competencies beyond typical marketplace operations. We aim to replicate this model with other strategic partners."
Q5: Percy Panthaki: "What is driving the beauty business's gross margin expansion?"
Anchit Nayar: "The improvement is a result of multiple factors, including increased consumer traction for owned brands like Dot & Key, enhanced unit economics in B2B, and favorable festive quarter conditions. Overall, improvements were observed across different segments without one-off benefits impacting this positive trend."
Analysis of FSN E-Commerce Ventures's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Mar 31, 2026
| Description | Share | Value |
|---|---|---|
| Beauty | 91.4% | 2.4 kCr |
| Fashion | 8.6% | 225.3 Cr |
| Total | 2.6 kCr |
Understand FSN E-Commerce Ventures ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Sanjay Nayar Family Trust (Sanjay Nayar and Falguni Nayar) | 21.03% |
| Falguni Nayar Family Trust (Falguni Nayar and Sanjay Nayar) | 21.03% |
| Sbi Contra Fund | 3.66% |
| Anchit Nayar Family Trust (Anchit Nayar, Sanjay Nayar and Falguni Nayar) | 3.44% |
| Adwaita Nayar Family Trust (Adwaita Nayar, Sanjay Nayar and Falguni Nayar) | 3.44% |
| Icici Prudential Life Insurance Company Limited | 3.27% |
| Harindarpal Singh Banga | 2.86% |
| Icici Prudential Large & Mid Cap Fund | 2.34% |
| Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund | 2.03% |
| Adwaita Nayar - Sanjay Nayar Family Trust (Adwaita Nayar, Sanjay Nayar and Falguni Nayar) | 1.55% |
| Anchit Nayar - Sanjay Nayar Family Trust (Anchit Nayar, Sanjay Nayar and Falguni Nayar) | 1.55% |
| Hdfc Life Insurance Company Limited | 1.39% |
| Narotam.S.Sekhsaria | 1.21% |
| Anchit Sanjay Nayar | 0.03% |
| Adwaita Sanjay Nayar | 0.01% |
| Falguni Sanjay Nayar | 0% |
| Sanjay Omprakash Nayar | 0% |
| Indira Nayar | 0% |
| 72 Ventures LLP | 0% |
| Nayar Holdings | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of FSN E-Commerce Ventures against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| RELIANCE | Reliance Industries | 17.97 LCr | 11.05 LCr | -0.60% | -7.60% | 22.25 | 1.63 | - | - |
| TATACONSUM | TATA CONSUMER PRODUCTS | 1.12 LCr | 20.46 kCr | -8.40% | +4.40% | 72.53 | 5.47 | - | - |
| TRENT | Trent [Lakme Ltd] | 1.03 LCr | 20.19 kCr | +6.00% | -49.00% | 59.9 | 5.1 | - | - |
| HONASA | Honasa Consumer | 13.03 kCr | 2.48 kCr | +13.10% | +29.10% | 65.21 | 5.26 | - | - |
| INDIAMART | IndiaMART InterMESH | 12.12 kCr | 1.77 kCr | +6.70% | -16.20% | 25.5 | 6.83 | - | - |
| INFIBEAM | INFIBEAM AVENUES | 4.88 kCr | 8.2 kCr | -4.30% | -39.70% | 14.24 | 0.59 | - | - |
| SHOPERSTOP | Shoppers Stop | 4.08 kCr | 5.1 kCr | +12.40% | -26.90% | -112.55 | 0.8 | - | - |
Comprehensive comparison against sector averages
NYKAA metrics compared to Retailing
| Category | NYKAA | Retailing |
|---|---|---|
| PE | 395.36 | 497.57 |
| PS | 7.77 | 3.61 |
| Growth | 26.1 % | 29 % |
FSN E-Commerce Ventures is an E-Retail/E-Commerce company operating under the stock ticker NYKAA. The company boasts a significant market capitalization of Rs. 55,484.6 Crores. Based in Mumbai, India, it was incorporated in 2012.
Through its subsidiaries, FSN E-Commerce Ventures offers a diverse range of products focusing on beauty, personal care, and fashion for women, men, and children, in both domestic and international markets. The product portfolio includes:
The company promotes its products under various brand names, including Nykaa Cosmetics, Nykaa Naturals, Kay Beauty, and others such as RSVP, Twenty Dresses, KICA, and Pipa Bella.
FSN E-Commerce Ventures also provides marketing support services and utilizes multiple retail channels to sell its products. This includes e-commerce, m-commerce, and physical storefronts, with store formats such as Nykaa Luxe, Nykaa On Trend, Nysaa, and Nykaa Kiosks.
In terms of financial performance, the company has reported a trailing twelve months revenue of Rs. 7,581.4 Crores with a 25.3% growth in revenue over the past year. Notably, FSN E-Commerce Ventures has diluted its shareholders by 0.8% in the past three years.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
NYKAA vs Retailing (2022 - 2026)