About Fsn E-Commerce Ventures Limited
Data last updated: 25 September 2026
Fsn E-Commerce Ventures Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in health and beauty retail and distribution, a part of the broader consumer goods sector. Incorporated on 24 April 2012, the company has been in operation for over 14 years.
Registered with ROC Mumbai under CIN L52600MH2012PLC230136. Listed on BSE: 543384 and NSE: NYKAA.
Capital: an authorised share capital of ₹325 Cr and a paid-up capital of ₹286.38 Cr. Formerly known as Fsn E-Commerce Ventures Private Limited. It is led by directors including Anita Ramachandran and Anchit Nayar.
Last AGM: 25 August 2025. Financial statements filed for year ended 31 March 2025. Office: 104 Vasan Udyog Bhavan Sun Mill Compound Tulsi Pipe Road Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹10,022 Cr, a growth of 26.07% compared to the previous year. The net worth stands at ₹1,437.98 Cr (up 10.51% YoY). Total assets are valued at ₹2,775.76 Cr (down 1.49% YoY).
The company has a workforce of approximately 508 employees as per the latest available data. Its group structure includes 10 subsidiaries.
The company is associated with 2 brands - Nykaa Fashion, Nykaa. As per MCA filings, the company has open charges of ₹178 Cr and satisfied charges of ₹70 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nykaa.com.
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Registered Address104 Vasan Udyog Bhavan Sun Mill Compound Tulsi Pipe Road Lower Parel, Mumbai, Maharashtra, India – 400013
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IndustryConsumer Goods, Health & Beauty Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Fsn E-Commerce Ventures Limited
Fsn E-Commerce Ventures Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L52600MH2012PLC230136, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L52600MH2012PLC230136 | Current |
| U52600MH2012PLC230136 | Previous |
| U52600MH2012PTC230136 | Previous |
Associated Brands with Fsn E-Commerce Ventures Limited
Fsn E-Commerce Ventures Limited operates two associated brands: Nykaa Fashion and Nykaa. These brands represent Fsn E-Commerce Ventures Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Online platform for shopping clothing, accessories, gadgets, and home decor items. | nykaafashion.com | |
| Cosmetics, skincare, haircare, and wellness products are retailed online. | nykaa.com |
Competitors & Alternatives of Fsn E-Commerce Ventures Limited
Brands and companies operating in the same space as Fsn E-Commerce Ventures Limited include Flipkart, Myntra, Amazon and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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Multi-category consumer products are offered via an online marketplace platform. | Bengaluru, India, India | 2007 |
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Fashion and lifestyle products are offered via an online marketplace. | Bengaluru, India, India | 2007 |
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Multi-category products are offered through an online marketplace. | Seattle, United States, United States | 1994 |
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Sellers are connected with customers via multi-category e-commerce platform. | Bengaluru, India, India | 2015 |
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Multi-category products are retailed online by CityMall. | Gurugram, India, India | 2019 |
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Platform powering online and in-store retail operations using AI-driven tools | Mumbai, India, India | 2012 |
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Discounted products across multiple categories are sold online. | Gurugram, India, India | 2010 |
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Multi-category products are sold via an online marketplace platform. | Gurugram, India, India | 2011 |
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Online marketplace platform offering multi-category consumer products | San Francisco, United States, United States | 2009 |
Business Activity of Fsn E-Commerce Ventures Limited
Fsn E-Commerce Ventures Limited is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details for Fsn E-Commerce Ventures Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Fsn E-Commerce Ventures Limited
Fsn E-Commerce Ventures Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2025. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | Locked | Locked | Locked |
Complete auditor history for Fsn E-Commerce Ventures Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Fsn E-Commerce Ventures Limited
Fsn E-Commerce Ventures Limited is currently managed by 11 directors, with 22 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anita Ramachandran | Director | 12 Oct 2015 | 10 Years 11 Months | Current |
| Anchit Nayar | Director | 13 Aug 2019 | 7 Years 1 Months | Current |
| Seshashayee Sampathiyengar Sridhara | Director | 26 Jul 2021 | 5 Years 2 Months | Current |
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Falguni Sanjay Nayar
Also directs:
Fsn E-Commerce Ventures Limited, Heritage View Developers Private Limited, Sealink View Probuild Private Limited and 4 more
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Managing Director | 24 Apr 2012 | 14 Years 5 Months | Current |
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Sanjay Omprakash Nayar
Also directs:
Fsn E-Commerce Ventures Limited, Fsn International Limited, Heritage View Developers Private Limited and 5 more
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Director | 09 Apr 2021 | 5 Years 5 Months | Current |
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Milind Shripad Sarwate
Also directs:
Fsn E-Commerce Ventures Limited, Increate Value Advisors Llp, Increate Social Value Advisors & Resourcers Llp and 5 more
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Director | 15 Jul 2021 | 5 Years 2 Months | Current |
Financials of Fsn E-Commerce Ventures Limited FY 2025-26 filings available
Fsn E-Commerce Ventures Limited reported revenue of ₹10,022 Cr (up 26.07% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 10,022 | 7,950 | 6,386 | 5,144 | 3,774 | 2,441 | 1,768 |
| Revenue growth | +24.4% | +23.8% | +23.6% | +35.4% | +58.1% | +35.5% | +54.5% |
| EBITDA | 726 | 475 | 347 | 257 | 164 | 158 | 82.99 |
| EBITDA margin | +7.3% | +6.0% | +5.4% | +5.0% | +4.4% | +6.5% | +4.7% |
| Profit before tax | 330 | 127 | 69.02 | 38.38 | 47.31 | 66.13 | (12.44) |
| Net profit | 210 | 66.08 | 32.25 | 19.25 | 41.08 | 61.55 | (16.62) |
| Net profit margin | +2.1% | +0.8% | +0.5% | +0.4% | +1.1% | +2.5% | -0.9% |
| EPS (₹) | 0.70 | 0.23 | 0.11 | 0.07 | 0.87 | 40.88 | (11.42) |
| Balance sheet | |||||||
| Total assets | 2,776 | 2,818 | 2,332 | 2,337 | 2,068 | 831 | 741 |
| Net worth | 1,438 | 1,301 | 1,262 | 1,378 | 1,340 | 490 | 322 |
| Total debt | 1,238 | 1,321 | 969 | 798 | 593 | 333 | 413 |
| Cash & bank | 320 | 217 | 240 | 149 | 267 | 248 | 176 |
| Net working capital | 1,353 | 1,515 | 1,224 | 1,293 | 1,349 | 492 | 432 |
| Cash flow | |||||||
| Cash from operations | 644 | 467 | 0.25 | (140) | (354) | 133 | 6.15 |
| Cash from investing | (159) | (205) | (10.11) | 140 | (603) | (130) | 14.91 |
| Cash from financing | (433) | (212) | 44.26 | 4.87 | 927 | (37.72) | 68.72 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,782 | 2,648 | 2,873 | 2,346 | 2,155 | 2,062 | 2,267 | 1,875 |
| Revenue growth (YoY) | +29.1% | +28.4% | +26.7% | +25.1% | +23.4% | +23.6% | +26.7% | +24.4% |
| Other income | 9.31 | 9.15 | 6.26 | 8.03 | 9.33 | 8.95 | 5.53 | 5.45 |
| EBITDA | 236 | 223 | 213 | 158 | 141 | 133 | 141 | 104 |
| EBITDA margin | +8.5% | +8.4% | +7.4% | +6.7% | +6.5% | +6.5% | +6.2% | +5.5% |
| Depreciation | 89.46 | 84.22 | 80.88 | 79.09 | 76.14 | 72.90 | 69.82 | 63.62 |
| Interest | 26.74 | 26.33 | 29.16 | 31.47 | 30.16 | 29.85 | 31.93 | 24.23 |
| Profit before tax | 129 | 122 | 110 | 55.38 | 43.71 | 39.55 | 44.56 | 21.26 |
| Tax | 49.40 | 42.77 | 41.88 | 22.40 | 19.24 | 20.50 | 17.59 | 7.82 |
| Net profit | 79.76 | 78.75 | 67.74 | 32.98 | 24.47 | 19.05 | 26.97 | 13.44 |
| EPS (₹) | 0.28 | 0.27 | 0.22 | 0.12 | 0.08 | 0.07 | 0.09 | 0.04 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 357 | 420 | 313 | 275 | 188 | 146 | 204 |
| Revenue growth | -12.2% | +18.8% | +23.8% | +83.0% | +15.1% | -25.9% | +77.5% |
| EBITDA | (47.85) | (40.47) | (75.04) | (37.57) | 16.62 | (2.79) | 3.54 |
| EBITDA margin | -13.4% | -9.6% | -24.0% | -13.6% | +8.9% | -1.9% | +1.7% |
| Profit before tax | 113 | 97.29 | 93.92 | 76.39 | 122 | 44.82 | 21.76 |
| Net profit | 89.52 | 97.36 | 121 | 57.07 | 104 | 36.18 | 15.07 |
| Net profit margin | +25.1% | +23.2% | +38.7% | +20.7% | +55.2% | +24.8% | +7.4% |
| EPS (₹) | 0.31 | 0.34 | 0.42 | 0.20 | 2.18 | 24.03 | 10.36 |
| Balance sheet | |||||||
| Total assets | 2,018 | 1,763 | 1,636 | 1,542 | 1,627 | 608 | 465 |
| Net worth | 1,803 | 1,660 | 1,535 | 1,456 | 1,550 | 561 | 419 |
| Total debt | 208 | 86.27 | 87.27 | 55.36 | 51.41 | 45.73 | 39.78 |
| Cash & bank | 82.53 | 28.62 | 38.63 | 51.97 | 220 | 192 | 169 |
| Net working capital | 366 | 285 | 501 | 812 | 888 | 276 | 225 |
| Cash flow | |||||||
| Cash from operations | 63.29 | 143 | (31.19) | (0.44) | 72.02 | (84.07) | (90.05) |
| Cash from investing | (194) | (146) | (25.94) | (41.34) | (944) | (67.09) | 68.77 |
| Cash from financing | 130 | 7.57 | 47.31 | 21.26 | 873 | 86.92 | 102 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 75.42 | 102 | 95.67 | 76.97 | 81.83 | 88.57 | 119 | 109 |
| Revenue growth (YoY) | -7.8% | +15.2% | -19.7% | -29.7% | -20.4% | -13.5% | +48.6% | +65.2% |
| Other income | 52.27 | 61.13 | 47.53 | 40.56 | 40.10 | 37.34 | 41.01 | 39.81 |
| Total expenses | 104 | 103 | 108 | 94.53 | 98.94 | 100 | 123 | 123 |
| EBITDA | (28.36) | (1.31) | (11.90) | (17.56) | (17.11) | (11.78) | (4.16) | (13.46) |
| EBITDA margin | -37.6% | -1.3% | -12.4% | -22.8% | -20.9% | -13.3% | -3.5% | -12.3% |
| Depreciation | 6.34 | 5.43 | 3.71 | 3.98 | 3.20 | 3.38 | 2.87 | 3.00 |
| Interest | 4.79 | 4.65 | 2.67 | 2.50 | 2.35 | 1.98 | 2.50 | 1.56 |
| Profit before tax | 12.78 | 49.74 | 29.25 | 16.52 | 17.44 | 20.20 | 31.48 | 21.79 |
| Tax | 3.21 | 8.70 | 7.57 | 4.27 | 4.52 | 5.58 | 7.02 | 5.63 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,782 | 2,648 | 2,873 | 2,346 | 2,155 | 2,062 | 2,267 | 1,875 |
| Revenue growth (YoY) | +29.1% | +28.4% | +26.7% | +25.1% | +23.4% | +23.6% | +26.7% | +24.4% |
| Other income | 9.31 | 9.15 | 6.26 | 8.03 | 9.33 | 8.95 | 5.53 | 5.45 |
| EBITDA | 236 | 223 | 213 | 158 | 141 | 133 | 141 | 104 |
| EBITDA margin | +8.5% | +8.4% | +7.4% | +6.7% | +6.5% | +6.5% | +6.2% | +5.5% |
| Depreciation | 89.46 | 84.22 | 80.88 | 79.09 | 76.14 | 72.90 | 69.82 | 63.62 |
| Interest | 26.74 | 26.33 | 29.16 | 31.47 | 30.16 | 29.85 | 31.93 | 24.23 |
| Profit before tax | 129 | 122 | 110 | 55.38 | 43.71 | 39.55 | 44.56 | 21.26 |
| Tax | 49.40 | 42.77 | 41.88 | 22.40 | 19.24 | 20.50 | 17.59 | 7.82 |
| Net profit | 79.76 | 78.75 | 67.74 | 32.98 | 24.47 | 19.05 | 26.97 | 13.44 |
| EPS (₹) | 0.28 | 0.27 | 0.22 | 0.12 | 0.08 | 0.07 | 0.09 | 0.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 10,022 | 7,950 | 6,386 | 5,144 | 3,774 | 2,441 | 1,768 |
| Revenue growth | +24.4% | +23.8% | +23.6% | +35.4% | +58.1% | +35.5% | +54.5% |
| Other income | 42.11 | 27.26 | 29.94 | 30.21 | 26.97 | 11.76 | 10.32 |
| Total expenses | 9,296 | 7,475 | 6,039 | 4,887 | 3,610 | 2,283 | 1,685 |
| Employee cost | 772 | 666 | 565 | 492 | 326 | 233 | 196 |
| EBITDA | 726 | 475 | 347 | 257 | 164 | 158 | 82.99 |
| EBITDA margin | +7.3% | +6.0% | +5.4% | +5.0% | +4.4% | +6.5% | +4.7% |
| Depreciation | 320 | 266 | 224 | 173 | 96.41 | 71.59 | 59.51 |
| Interest | 118 | 108 | 83.56 | 75.62 | 47.30 | 32.29 | 46.24 |
| Profit before tax | 330 | 127 | 69.02 | 38.38 | 47.31 | 66.13 | (12.44) |
| Tax | 126 | 53.75 | 25.32 | 13.57 | 6.02 | 4.48 | 3.91 |
| Net profit | 210 | 66.08 | 32.25 | 19.25 | 41.08 | 61.55 | (16.62) |
| Net profit margin | +2.1% | +0.8% | +0.5% | +0.4% | +1.1% | +2.5% | -0.9% |
| EPS (₹) | 0.70 | 0.23 | 0.11 | 0.07 | 0.87 | 40.88 | (11.42) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 286 | 286 | 286 | 285 | 47.41 | 15.38 | 14.76 |
| Reserves & surplus | 1,151 | 1,015 | 976 | 1,093 | 1,292 | 475 | 296 |
| Shareholders' funds (net worth) | 1,438 | 1,301 | 1,262 | 1,378 | 1,340 | 490 | 322 |
| Minority interest | 64.12 | 41.38 | 18.81 | 14.15 | 5.62 | 0.83 | 0.74 |
| Secured loans | 628 | 742 | 600 | 386 | 333 | 187 | 248 |
| Unsecured loans | 610 | 579 | 369 | 412 | 260 | 145 | 165 |
| Total debt | 1,238 | 1,321 | 969 | 798 | 593 | 333 | 413 |
| Total liabilities | 2,776 | 2,818 | 2,332 | 2,337 | 2,068 | 831 | 741 |
| Assets | |||||||
| Gross block | 2,039 | 1,589 | 1,242 | 1,093 | 742 | 410 | 328 |
| Net block | 1,008 | 835 | 668 | 699 | 483 | 231 | 227 |
| Capital work in progress | 9.25 | 36.74 | 29.78 | 30.88 | 24.50 | 2.36 | 2.02 |
| Investments | 0.16 | 0.16 | 34.31 | 38.12 | 0.00 | 1.32 | 3.80 |
| Inventories | 1,642 | 1,418 | 1,192 | 1,005 | 876 | 498 | 445 |
| Sundry debtors | 289 | 247 | 242 | 164 | 94.53 | 76.64 | 98.43 |
| Cash & bank balances | 320 | 217 | 240 | 149 | 267 | 248 | 176 |
| Loans & advances | 937 | 796 | 619 | 588 | 690 | 141 | 96.11 |
| Total current assets | 3,189 | 2,677 | 2,293 | 1,906 | 1,927 | 963 | 816 |
| Total current liabilities | 1,836 | 1,162 | 1,069 | 613 | 578 | 471 | 384 |
| Net working capital | 1,353 | 1,515 | 1,224 | 1,293 | 1,349 | 492 | 432 |
| Total assets | 2,776 | 2,818 | 2,332 | 2,337 | 2,068 | 831 | 741 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 125 | 75.78 | 41.38 | 37.17 | 66.91 | 101 | 11.41 |
| Net cash from operating activities | 644 | 467 | 0.25 | (140) | (354) | 133 | 6.15 |
| Net cash from investing activities | (159) | (205) | (10.11) | 140 | (603) | (130) | 14.91 |
| Net cash from financing activities | (433) | (212) | 44.26 | 4.87 | 927 | (37.72) | 68.72 |
| Net change in cash | 52.26 | 49.16 | 34.40 | 4.20 | (29.74) | (34.28) | 89.78 |
| Closing cash | 320 | 217 | 240 | 149 | 267 | 248 | 176 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +26.1% | +24.5% | +24.1% | +36.3% | +54.6% | +38.1% | +59.0% |
| EBITDA growth | +53.0% | +36.9% | +34.9% | +56.7% | +3.7% | +90.7% | +297.8% |
| PBT growth | +159.1% | +84.7% | +79.8% | -18.9% | -28.5% | +9998.0% | +60.8% |
| Net income growth | +217.2% | +104.9% | +67.5% | -53.1% | -33.3% | +9998.0% | +32.2% |
| Revenue CAGR (3Y) | +24.9% | +28.2% | +37.8% | +42.8% | +50.3% | +62.0% | - |
| EBITDA CAGR (3Y) | +41.4% | +42.5% | +29.9% | +45.8% | +98.9% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +2.0% | +0.9% | +0.7% | +0.5% | +1.1% | +2.5% | -0.9% |
| Return on capital employed | +16.3% | +9.3% | +6.5% | +5.1% | +6.2% | +11.8% | 0.0% |
| Return on net worth | +14.9% | +5.7% | +3.3% | +1.8% | +4.2% | +13.5% | 0.0% |
| Debt / equity | 0.93 | 0.89 | 0.67 | 0.51 | 0.51 | 0.92 | 1.31 |
| Long-term debt / equity | 0.23 | 0.19 | 0.14 | 0.15 | 0.17 | 0.29 | 0.37 |
| Interest cover | 29.05 | 51.92 | 68.13 | 90.25 | 69.93 | 37.26 | 196.93 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.53 | 5.62 | 5.47 | 5.61 | 6.56 | 6.62 | 6.95 |
| Inventory turnover | 6.55 | 6.09 | 5.81 | 5.47 | 5.49 | 5.17 | 5.12 |
| Debtors turnover | 37.40 | 32.57 | 31.52 | 39.87 | 44.10 | 27.88 | 22.61 |
| EPS (₹) | 0.70 | 0.23 | 0.11 | 0.07 | 0.87 | 40.88 | (11.42) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 5.02 | 4.55 | 4.42 | 4.83 | 28.26 | 325.14 | 213.70 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 75.42 | 102 | 95.67 | 76.97 | 81.83 | 88.57 | 119 | 109 |
| Revenue growth (YoY) | -7.8% | +15.2% | -19.7% | -29.7% | -20.4% | -13.5% | +48.6% | +65.2% |
| Other income | 52.27 | 61.13 | 47.53 | 40.56 | 40.10 | 37.34 | 41.01 | 39.81 |
| Total expenses | 104 | 103 | 108 | 94.53 | 98.94 | 100 | 123 | 123 |
| EBITDA | (28.36) | (1.31) | (11.90) | (17.56) | (17.11) | (11.78) | (4.16) | (13.46) |
| EBITDA margin | -37.6% | -1.3% | -12.4% | -22.8% | -20.9% | -13.3% | -3.5% | -12.3% |
| Depreciation | 6.34 | 5.43 | 3.71 | 3.98 | 3.20 | 3.38 | 2.87 | 3.00 |
| Interest | 4.79 | 4.65 | 2.67 | 2.50 | 2.35 | 1.98 | 2.50 | 1.56 |
| Profit before tax | 12.78 | 49.74 | 29.25 | 16.52 | 17.44 | 20.20 | 31.48 | 21.79 |
| Tax | 3.21 | 8.70 | 7.57 | 4.27 | 4.52 | 5.58 | 7.02 | 5.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 357 | 420 | 313 | 275 | 188 | 146 | 204 |
| Revenue growth | -12.2% | +18.8% | +23.8% | +83.0% | +15.1% | -25.9% | +77.5% |
| Other income | 189 | 157 | 185 | 129 | 116 | 60.25 | 30.50 |
| Total expenses | 404 | 460 | 388 | 313 | 171 | 149 | 201 |
| Employee cost | 67.62 | 66.12 | 72.09 | 49.95 | 28.79 | 17.78 | 24.76 |
| EBITDA | (47.85) | (40.47) | (75.04) | (37.57) | 16.62 | (2.79) | 3.54 |
| EBITDA margin | -13.4% | -9.6% | -24.0% | -13.6% | +8.9% | -1.9% | +1.7% |
| Depreciation | 16.31 | 11.58 | 8.72 | 7.26 | 4.68 | 8.43 | 7.40 |
| Interest | 12.24 | 7.99 | 6.96 | 7.55 | 5.95 | 4.21 | 4.88 |
| Profit before tax | 113 | 97.29 | 93.92 | 76.39 | 122 | 44.82 | 21.76 |
| Tax | 25.07 | (0.07) | (27.10) | 19.32 | 18.18 | 8.64 | 6.69 |
| Net profit | 89.52 | 97.36 | 121 | 57.07 | 104 | 36.18 | 15.07 |
| Net profit margin | +25.1% | +23.2% | +38.7% | +20.7% | +55.2% | +24.8% | +7.4% |
| EPS (₹) | 0.31 | 0.34 | 0.42 | 0.20 | 2.18 | 24.03 | 10.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 286 | 286 | 286 | 285 | 47.41 | 15.38 | 14.76 |
| Reserves & surplus | 1,516 | 1,374 | 1,249 | 1,170 | 1,502 | 546 | 404 |
| Shareholders' funds (net worth) | 1,803 | 1,660 | 1,535 | 1,456 | 1,550 | 561 | 419 |
| Secured loans | 87.00 | 75.74 | 74.87 | 0.00 | 31.33 | 24.35 | 19.81 |
| Unsecured loans | 121 | 10.53 | 12.40 | 55.36 | 20.08 | 21.38 | 19.97 |
| Total debt | 208 | 86.27 | 87.27 | 55.36 | 51.41 | 45.73 | 39.78 |
| Total liabilities | 2,018 | 1,763 | 1,636 | 1,542 | 1,627 | 608 | 465 |
| Assets | |||||||
| Gross block | 125 | 75.18 | 63.24 | 50.77 | 32.61 | 34.09 | 30.42 |
| Net block | 81.65 | 38.59 | 30.35 | 28.62 | 16.45 | 12.90 | 17.51 |
| Capital work in progress | 0.00 | 19.37 | 9.15 | 0.89 | 0.00 | 0.00 | 0.68 |
| Investments | 944 | 935 | 641 | 461 | 379 | 69.58 | 52.49 |
| Inventories | 77.61 | 86.12 | 103 | 78.00 | 72.55 | 33.22 | 46.34 |
| Sundry debtors | 95.75 | 47.71 | 116 | 71.49 | 20.65 | 63.72 | 25.51 |
| Cash & bank balances | 82.53 | 28.62 | 38.63 | 51.97 | 220 | 192 | 169 |
| Loans & advances | 254 | 249 | 475 | 904 | 638 | 25.65 | 17.10 |
| Total current assets | 510 | 412 | 733 | 1,106 | 952 | 315 | 258 |
| Total current liabilities | 144 | 127 | 232 | 294 | 63.60 | 38.82 | 33.15 |
| Net working capital | 366 | 285 | 501 | 812 | 888 | 276 | 225 |
| Total assets | 2,018 | 1,763 | 1,636 | 1,542 | 1,627 | 608 | 465 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 5.50 | 1.44 | 11.26 | 31.77 | 31.28 | 95.53 | (19.75) |
| Net cash from operating activities | 63.29 | 143 | (31.19) | (0.44) | 72.02 | (84.07) | (90.05) |
| Net cash from investing activities | (194) | (146) | (25.94) | (41.34) | (944) | (67.09) | 68.77 |
| Net cash from financing activities | 130 | 7.57 | 47.31 | 21.26 | 873 | 86.92 | 102 |
| Net change in cash | (0.80) | 4.06 | (9.82) | (20.51) | 0.49 | (64.25) | 80.65 |
| Closing cash | 82.53 | 28.62 | 38.63 | 51.97 | 220 | 192 | 169 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -15.1% | +34.4% | +13.5% | +46.8% | +28.7% | -28.6% | +100.0% |
| EBITDA growth | -18.2% | +46.1% | -99.7% | - | +9998.0% | - | +9998.0% |
| PBT growth | +16.1% | +3.6% | +23.0% | -37.2% | +171.5% | +106.0% | +9998.0% |
| Net income growth | -8.1% | -19.6% | +112.1% | -44.9% | +186.1% | +140.1% | +1882.9% |
| Revenue CAGR (3Y) | +9.0% | +30.8% | +28.9% | +10.5% | +22.5% | +76.0% | - |
| EBITDA CAGR (3Y) | +8.4% | - | +199.6% | - | - | -43.7% | - |
| Profitability & leverage | |||||||
| Net income margin | +24.6% | +23.2% | +38.7% | +20.7% | +55.2% | +24.8% | +7.4% |
| Return on capital employed | +6.6% | +6.2% | +6.4% | +5.3% | +11.3% | +8.4% | +5.7% |
| Return on net worth | +5.1% | +6.1% | +8.1% | +3.8% | +9.7% | +6.8% | +3.5% |
| Debt / equity | 0.08 | 0.05 | 0.05 | 0.04 | 0.05 | 0.09 | 0.10 |
| Long-term debt / equity | 0.03 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.00 |
| Interest cover | -19.08 | -15.35 | -8.31 | -16.84 | 49.83 | -37.52 | -126.42 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.56 | 6.07 | 5.48 | 6.61 | 5.63 | 4.52 | 8.26 |
| Inventory turnover | 4.35 | 4.43 | 3.45 | 3.66 | 3.55 | 3.67 | 5.91 |
| Debtors turnover | 4.97 | 5.14 | 3.34 | 5.98 | 4.45 | 3.27 | 12.52 |
| EPS (₹) | 0.31 | 0.34 | 0.42 | 0.20 | 2.18 | 24.03 | 10.36 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 6.30 | 5.80 | 5.37 | 5.10 | 32.69 | 372.47 | 287.75 |
Shareholding Pattern of Fsn E-Commerce Ventures Limited
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 52.10%, foreign institutional investors hold 13.70%, domestic institutional investors hold 24.10%, retail and other public shareholders hold 10.10% of Fsn E-Commerce Ventures Limited.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 52.10% | 52.10% | 52.10% | 52.10% |
| Public | 47.90% | 47.90% | 47.90% | 47.90% |
Group Structure of Fsn E-Commerce Ventures Limited
Fsn E-Commerce Ventures Limited has 10 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The corporate group structure reflects Fsn E-Commerce Ventures Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Nykaa Fashion Limited | U18102MH2019PLC320627 | - |
| Iluminar Media Limited | U22100DL2013PLC248408 | - |
| Dot & Key Wellness Private Limited | U24110WB2020PTC236913 | - |
| Nykaa-Kk Beauty Private Limited | U24290MH2018PTC311880 | - |
| Fsn Distribution Limited | U51909MH2021PLC364942 | - |
| Fsn International Limited | U52100MH2019PLC334211 | - |
Showing major subsidiaries. Total: 10.
Charges & Borrowings of Fsn E-Commerce Ventures Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Apr 2022 | Others | ₹23 Cr | Open |
| 03 Jun 2021 | Citi Bank N.A. | ₹25 Cr | Open |
| 31 Jan 2018 | Others | ₹130 Cr | Open |
| 27 Dec 2018 | Hdfc Bank Limited | ₹5 Cr | Satisfied |
| 07 Oct 2018 | Others | ₹15 Cr | Satisfied |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Fsn E-Commerce Ventures Limited
Fsn E-Commerce Ventures Limited has a workforce of 508 employees as of Feb 10, 2026.
Employee and EPFO history for Fsn E-Commerce Ventures Limited
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GST Compliance of Fsn E-Commerce Ventures Limited
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Credit Ratings, Litigation & Regulatory Alerts for Fsn E-Commerce Ventures Limited
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MSME Payment Delays by Fsn E-Commerce Ventures Limited
MSME payment history for Fsn E-Commerce Ventures Limited
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Subsidiaries & Group Companies of Fsn E-Commerce Ventures Limited
Corporate group structure for Fsn E-Commerce Ventures Limited
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MCA Filings & Documents of Fsn E-Commerce Ventures Limited
MCA filings and documents for Fsn E-Commerce Ventures Limited
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Recent Activity on Fsn E-Commerce Ventures Limited
Recent News on Fsn E-Commerce Ventures Limited
Frequently Asked Questions about Fsn E-Commerce Ventures Limited
Fsn E-Commerce Ventures Limited is an active public limited company in the consumer goods sector based in Mumbai, Maharashtra, India. It was incorporated on 24 April 2012 (14+ years old) and is registered under CIN L52600MH2012PLC230136. Listed on BSE: 543384 and NSE: NYKAA. The company has 508 employees.
Fsn E-Commerce Ventures Limited reported revenue of ₹10,022 Cr for FY 2025-26 (up 26.07% YoY) based on consolidated financials.
The current directors of Fsn E-Commerce Ventures Limited are:
- Anita Ramachandran - Director
- Anchit Nayar - Director
- Seshashayee Sampathiyengar Sridhara - Director
- Falguni Sanjay Nayar - Managing Director
- Sanjay Omprakash Nayar - Director
- Milind Shripad Sarwate - Director
- Milan Bhagwandas Khakhar - Director
- Pradeep Parameswaran - Director
- Adwaita Sanjay Nayar - Director
- Dipak Gupta - Director
- Santosh Desai - Director
The primary industry of Fsn E-Commerce Ventures Limited is consumer goods. The company specifically operates in health and beauty retail and distribution. The company is currently active in this sector.
Yes. Fsn E-Commerce Ventures Limited is listed on both BSE (code: 543384) and NSE (symbol: NYKAA).
Fsn E-Commerce Ventures Limited can be reached at the registered office: 104 Vasan Udyog Bhavan Sun Mill Compound Tulsi Pipe Road Lower Parel, Mumbai, Maharashtra, India – 400013, or through the website nykaa.com.