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Informist, Thursday, May 21, 2026

By Astha Oriel

NEW DELHI – FSN E-commerce Ventures Ltd. Thursday reported a sharp year-on-year increase in its consolidated bottom line for the March quarter, as the company's total income grew faster than the expenses. The company's bottom line was the at a record high, and the growth was the highest in 11 quarters, according to data available with Informist. The company's top line witnessed a significant year-on-year increase in the March quarter. The company's top line growth was highest in 11 quarters. The company's top line and bottom line were above street's estimates. 

The company's consolidated net profit for the March quarter grew nearly four-fold on year to INR 783.80 million, as against INR 202.80 million in the year-ago quarter. Analysts estimated the company's consolidated net profit at INR 643.38 million. 

The company's revenue from operations grew over 28% on year to INR 26.48 billion as against INR 20.62 billion in the same period last year. Analysts saw the company's Jan-Mar consolidated revenue at INR 26.17 billion. 

The beauty segment accounted for nearly 91% of the company's total revenue. The beauty segment revenue grew over 27% on year to INR 24.10 billion. The revenue from fashion segment grew nearly 40% on year to INR 2.25 billion. 

The company's total income grew over 28% on year to INR 26.57 billion. The company's total expenses for the quarter grew nearly 25% on year to INR 25.36 billion. Of this, the expense for purchases of stock-in-trade grew nearly 38% on year to INR 15.73 billion. The company's other expenses grew over 29% on year to INR 7.77 billion. The company's expense for employee benefits grew over 17% on year to INR 2.04 billion. The depreciation and amortisation cost grew nearly 16% on year to INR 842 million. 

The company's earnings before interest, tax, depreciation, and amortisation grew 67% on year to INR 2.23 billion. The company's EBITDA margin expanded to 8.4% in the March quarter from 6.5% in the year-ago quarter. 

The company's March quarter gross merchandise value grew 28% on year to INR 52.41 billion. In the March quarter, the company spent 14.4% of sales on marketing, as against 15.3% a year-ago. 

For the financial year 2025-26 (Apr-Mar), the company's net profit tripled on year to INR 1.99 billion, as against INR 660.80 million in the year-ago period. The company's revenue from operations grew 26% on year to INR 100.22 billion. The company's EBITDA rose 59% on year to INR 7.52 billion. The company's EBITDA margin expanded to 7.5% in FY26, from 6% a year-ago. The company added 76 stores in FY26, with total stores now at 313 across 99 cities. 

In FY26, Nykaa completed the acquisition of Earth Rhythm, the company said in a press release. "Originally acquiring a 19% stake in FY23, Nykaa increased stake to 76% in FY25, and has now acquired the remaining 24% stake," according to the company. 

Amid the West Asia crisis, the company said the impact has been insignificant. "Nykaa remains mindful of the ongoing geopolitical scenario, resultant to which Nykaa's GCC operations were impacted. Given it is a minor contribution to OneNykaa, its impact has been insignificant. Nykaa continues to monitor the developments in the region," FSN E-commerce Ventures said. 

Thursday, shares of the company closed 0.4% higher at INR 274.50 on the National Stock Exchange.  End

Edited by Akul Nishant Akhoury

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