Earnings Review
FSN E-Comm Q3 PAT rises over 2 times YoY, misses mkt view
This story was originally published at 17:32 IST on 5 February 2026
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--FSN E-Comm Oct-Dec consol net profit INR 633.1 mln
--Analysts saw FSN E-Comm Oct-Dec consol net profit at INR 666.83 mln
--FSN E-Comm Oct-Dec consol revenue INR 28.73 bln
--Analysts saw FSN E-Comm Oct-Dec consol revenue at INR 28.76 bln
--FSN E-Comm Oct-Dec net profit includes one-time cost INR 163.6 mln
--FSN E-Comm Oct-Dec consol PAT INR 633.1 mln vs INR 261.2 mln year ago
--FSN E-Comm Oct-Dec consol revenue INR 28.73 bln vs INR 22.67 bln year ago
--FSN E-Comm Apr-Dec consol PAT INR 1.21 bln vs INR 457.9 mln year ago
--FSN E-Comm Apr-Dec consol revenue INR 73.74 bln vs INR 58.88 bln year ago
--FSN E-Comm Oct-Dec profit excluding one-time cost INR 796.7 mln
--FSN E-Comm Oct-Dec consol beauty revenue INR 26.22 bln vs INR 20.60 bln
--FSN E-Comm Oct-Dec consol fashion revenue INR 2.35 bln vs INR 1.99 bln
--FSN E-Comm Oct-Dec consol EBITDA INR 2.30 bln, up 63% on year
--FSN E-Comm Oct-Dec consol EBITDA margin 8.0% vs 6.2% yr ago
--FSN E-Comm Oct-Dec gross merchandise value INR 57.95 bln, up 28% on yr
By Arundathi A R
MUMBAI – FSN E-Commerce Ventures Ltd.'s bottom line for the December quarter fell short of the Street's projection for the December quarter. The company's consolidated revenue for the quarter, which was largely in line with analysts' estimate, grew at the highest on-year pace in four quarters.
The consolidated net profit of the company, which operates under the brand name Nykaa, rose more than two times to INR 633.1 million from a year ago. On a sequential basis, the bottom line was up almost 84%. Analysts had expected the company to report a consolidated net profit of INR 666.83 million. The net profit is after considering a one-time cost of INR 163.6 million. Excluding this, the net profit would have been higher at INR 796.7 million.
The company's consolidated revenue rose nearly 27% on year to INR 28.73 billion for the latest quarter. Analysts had expected a top line of INR 28.76 billion. FSN E-Commerce's gross merchandise value for the reporting quarter was INR 57.95 billion, up 28% on year.
For the nine months ended December, the company's consolidated net profit rose nearly three times on year to INR 1.21 billion. Its consolidated revenue for the same period was INR 73.74 billion, up over 25% on year.
FSN E-Commerce posted a 63% on-year growth in consolidated earnings before interest, tax, depreciation, and amortisation for Oct-Dec to INR 2.30 billion. The consolidated EBITDA margin for the quarter was 8.0%, up from 6.2% from the corresponding quarter year ago.
The company's fashion and beauty segments posted a robust on-year growth in the December quarter. The beauty segment reported a consolidated revenue of INR 26.22 billion, up from INR 20.60 billion in the corresponding quarter year ago. Its fashion segment posted a 18% on-year rise in revenue to INR 2.35 billion.
Nykaa expanded its beauty store count to 276 across 94 cities, by adding 11 new stores and entering four new cities during the December quarter, the company said in a press release. It delivered healthy double-digit same-store sales growth for the quarter. End
Edited by Ashish Shirke
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