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FSN E-commerce Ventures Ltd. (FSNEV) popularly known as"Nykaa"is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including owned brand products manufactured by it.
Nykaa posted strong FY26 financials: Revenue crossed Rs 10,000 Cr (+26% YoY), EBITDA Rs 752 Cr (+59% YoY), and PAT Rs 204 Cr (+183% YoY). Total GMV reached Rs 20,000 Cr. Its Fashion business achieved Q4 EBITDA breakeven. Management targets 4-5x EBITDA growth by FY30.