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Informist, Tuesday, Aug. 4, 2026

 

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--FSN E-Comm Apr-Jun consol net profit INR 800.1 mln
--Analysts saw FSN E-Comm Apr-Jun consol net profit at INR 830.63 mln
--FSN E-Comm Apr-Jun consol revenue INR 27.82 bln
--Analysts saw FSN E-Comm Apr-Jun consol revenue at INR 27.58 bln
--FSN E-Comm Apr-Jun consol PAT INR 800.1 mln vs INR 233.2 mln year ago
--FSN E-Comm Apr-Jun consol revenue INR 27.82 bln vs INR 21.55 bln year ago
--FSN E-Comm to acquire 51% stake in Aminu Wellness for INR 320 mln
--FSN E-Comm Q1 consol beauty revenue INR 25.16 bln vs INR 19.75 bln yr ago
--FSN E-Comm Q1 consol fashion revenue INR 2.53 bln vs INR 1.71 bln yr ago
--FSN E-Comm Apr-Jun consol EBITDA INR 2.36 bln vs INR 1.41 bln yr ago
--FSN E-Comm Apr-Jun consol EBITDA margin 8.5% vs 6.5% yr ago
--FSN E-Comm Apr-Jun gross merchandise value INR 55.90 bln, up 34% on yr
--FSN E-Comm launched 11 new stores in Apr-Jun, total 324 now
--FSN E-Comm: To buy 49% more stake in Aminu Wellness over next few years

 

By Devanshu Singla

 

MUMBAI – FSN E-Commerce Ventures Ltd., the parent company of Nykaa, reported an over-threefold jump in its net profit for the June quarter on the back of solid growth in sales from beauty and fashion segments. The company reported consolidated net profit of INR 800.10 million for the June quarter, up over three times from INR 233.2 million in the year-ago period. This was slightly lower than the Street's estimate of INR 830.63 million. Sequentially, the net profit increased marginally from INR 783.8 million in the March quarter. 

 

The beauty and fashion retailer's revenue from operations for the reporting quarter was at INR 27.82 billion, up 29% from INR 21.55 billion in the year-ago quarter. This was marginally above the analysts' estimate of INR 27.58 billion. Sequentially, the revenue from operations increased 5% from INR 26.48 billion. 

 

FSN E-Commerce's total expenses for the June quarter rose 26% on year to INR 26.62 billion. The company's purchase of stock-in-trade rose 22% to INR 17.58 billion, other expenses rose 28% to INR 8.15 billion, employee benefit expenses rose 24% to INR 2.25 billion. The company posted depreciation and amortisation expense of INR 895 million, up 17% on year. 

 

The company's total income grew 29% on year to INR 27.91 billion for the reporting quarter. The Nykaa parent's consolidated revenue from the beauty business increased 27% on year to INR 25.16 billion, and the fashion business rose 48% to INR 2.53 billion. It reported gross merchandise value of INR 55.90 billion, up 34% on year. The company's net sales value rose 33% to INR 28.35 billion. For the beauty segment, the net sales value increased 29% on year to INR 23.71 billion, driven by strong performance across e-commerce, retail, and House of Nykaa. The fashion segment net sales value rose 54% on year to INR 4.51 billion, driven by strong customer growth, enriched brand portfolio, and encouraging response to the Nike partnership, the company said in a presentation. 

 

The company's gross profit rose 33% on year to INR 12.76 billion, and gross margin was at 45.9% for the reporting quarter. The company's earnings before interest, tax, depreciation, and amortisation rose 68% on year to INR 2.36 billion. The EBITDA margin expanded 200 basis points to 8.5% for the June quarter. FSN E-Commerce reported EBITDA margin of 10.3% for the beauty business, up from 9% in the year-ago quarter. The company turned EBITDA positive for the fashion segment, with the EBITDA margin at 0.1% compared to (-)6.2% in the year-ago quarter. 

 

Nykaa has acquired a 51% majority stake in Aminu Wellness Pvt. Ltd., a premium dermocosmetic skincare brand, the company said in a press release. The acquisition is a natural extension of Nykaa's innovation-led, consumer-first approach. Post the acquisition, the founders will continue to run the business and drive its growth trajectory in partnership with Nykaa. Nykaa will acquire the remaining stake over the next few years on pre-agreed terms.

 

"This quarter marked continued acceleration in our growth momentum and EBITDA margins, both reaching their highest levels in the last 12 quarters," Falguni Nayar, executive chairperson of the company said in a press release. The platform featured new brand launches like Rare Beauty, already among the top five premium brands at Nykaa, SK-II, a Japanese high efficacy brand, and Judydoll, among the company's first Chinese beauty brands which is witnessing strong early traction among consumers, she said. This also marks Nykaa's first full quarter of operating nike.in in India, which has led to a meaningful increase in its fashion business, Nayar added.

 

The company's earnings were released after market hours. Tuesday, shares of FSN E-Commerce Ventures closed 0.7% lower at INR 342.50 on the National Stock Exchange.  End

 

Edited by Deepshikha Bhardwaj

 

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