FSN E-Commerce Ventures Ltd

FSN E-Commerce Ventures Ltd (Nykaa) has released a provisional update for Q2 FY2027, indicating continued growth momentum. Consolidated Gross Merchandise Value (GMV) is expected to be close to 30%, with Net Sales Value (NSV) growth projected in the early thirties. The Beauty vertical saw NSV and Net Revenue growth in the late twenties, with 14 new stores added, bringing the total to 338. Like-for-like store sales growth was in the early twenties. The Fashion vertical's NSV and Net Revenue are expected in the late forties and early forties, respectively, driven by strong new customer acquisition and brand additions. The Nike partnership is showing encouraging traction. Some festive-led growth shifted to Q3.

FSN E-Commerce Ventures Ltd (Nykaa) has announced a strategic collaboration with BOLD, L'Oréal's corporate venture capital fund. This partnership aims to jointly invest in and empower emerging Indian beauty and personal care brands. Both entities will take minority stakes in brands with strong consumer traction, ensuring founders retain full operational and creative control. The collaboration will provide capital, strategic mentorship, L'Oréal's global beauty expertise, and Nykaa's extensive retail network and consumer insights to help these brands scale faster and build enduring businesses for both the Indian and global markets.

FSN E-Commerce Ventures Limited has successfully completed the acquisition of a 51% shareholding in Aminu Wellness Private Limited on a fully diluted basis. This transaction, previously approved by the Board of Directors on August 4, 2026, involved the execution of all necessary procedural documents. Consequently, Aminu Wellness Private Limited is now a subsidiary of FSN E-Commerce Ventures Limited, with the corresponding shares duly credited to the company's demat account. This marks a significant step in the company's strategic growth and expansion plans.

FSN E-Commerce Ventures Ltd has announced the closure of its trading window. This closure will be effective from Thursday, September 24, 2026, and will remain in effect until 48 hours after the company's unaudited financial results for the quarter and half-year ending September 30, 2026, are made public. This measure is in accordance with the company's 'Code of Conduct for Prevention of Insider Trading' and applies to all designated persons.

FSN E-Commerce Ventures Ltd announced the successful completion of its acquisition of an additional 24.2% equity shareholding in its subsidiary, Earth Rhythm Private Limited. The company had previously approved this increase in shareholding on May 21, 2026. All necessary transaction and procedural documents have been executed, and the corresponding equity shares have been credited to FSN E-Commerce Ventures' demat account. This move further solidifies the company's control and investment in its subsidiary.

FSN E-Commerce Ventures Ltd presented at its 14th Annual General Meeting on August 25, 2026. The presentation highlighted Nykaa's position as India's leading beauty and lifestyle destination, encompassing omnichannel retail, premium fashion, and B2B distribution. The company projects significant growth in India's discretionary spend, anticipating it to double by FY26 and continue its upward trajectory towards FY36E, driven by continued GDP growth. Nykaa aims for ₹20,000 Cr GMV and a cumulative customer base of 55 million by FY26, with a Net Sales Value (NSV) of ₹10,000 Cr.

FSN E-Commerce Ventures Ltd (Nykaa) held its 14th Annual General Meeting on August 25, 2026. Chairperson Falguni Nayar highlighted Nykaa's position as India's leading beauty and lifestyle destination, comprising its beauty retail, fashion, B2B distribution, and consumer brands businesses. The company achieved a milestone of ₹10,000 crores in Net Sales Value (NSV) and ₹20,000 crores in Gross Merchandise Value (GMV) in FY26. Nayar emphasized India's strong economic growth, with discretionary consumption rising significantly, benefiting categories like beauty and fashion. Nykaa is well-positioned to capitalize on trends like premiumization, digital adoption, and discovery-led commerce, with projections indicating substantial growth in the Indian beauty and fashion markets. The company has seen strong scaling across its business segments (Beauty 4x, Fashion 7x, House of Nykaa 8x, Superstore 4x) over the last five years, accompanied by improved profitability, with EBITDA growing 5x to ₹752 crore in FY26.

FSN E-Commerce Ventures Ltd announced that its wholly owned subsidiary, Nykaa E-Retail Limited, has successfully completed the full redemption of its issued Unlisted, Unsecured, Unrated, Redeemable, Non-Convertible Debentures (NCDs). This action aligns with the pre-agreed terms and follows a previous intimation dated July 22, 2024. The company has informed the stock exchanges as per SEBI regulations.

FSN E-Commerce Ventures Ltd (Nykaa) reported a strong start to FY2027, with Q1 FY2027 net revenue accelerating to 29% year-on-year (YoY) growth, reaching ₹2,782 Cr. Consolidated Gross Merchandise Value (GMV) grew 34% YoY to ₹5,590 Cr. Profit After Tax (PAT) saw a significant surge of 226% YoY to ₹80 Cr. EBITDA also grew robustly by 68% YoY to ₹236 Cr, with margins expanding to 8.5%. The company highlighted strong performance in its Beauty vertical, with GMV at ₹4,105 Cr and Net Sales Value (NSV) growth of 29% YoY. Nykaa also announced the acquisition of a majority stake in Aminu Wellness Private Limited, bolstering its premium skincare offerings. New brand launches like Rare Beauty and SK-II, along with the expansion of its retail footprint and digital initiatives, are contributing to this accelerated growth.

FSN E-Commerce Ventures Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors also approved the acquisition of a 51% equity stake in Aminu Wellness Private Limited for a consideration of up to INR 32 Crores. The acquisition details are provided as per SEBI Listing Regulations. The Board meeting commenced at 11:36 a.m. and concluded at 03:55 p.m. IST.