FSN E-Commerce Ventures Limited — PPTs, 12-08-2025: Investor Presentation

**Financial Highlights:**

Q1 FY26 Net Revenue hit Rs 2,155 Cr (+23% YoY) with GMV at Rs 4,182 Cr (+26% YoY). Profitability surged: EBITDA up 46% to Rs 141 Cr (6.5% margin), and PAT climbed 79% to Rs 24 Cr (1.1% margin). Gross margins expanded to 44.6%; ROCE improved.

**Strategic Initiatives & Growth Drivers:**

Beauty and Fashion GMV grew 25% YoY. Retail footprint expanded to 250 stores in 82 cities, plus 50+ Rapid Stores. House of Nykaa brands jumped 57% YoY. eB2B Superstore scaled 40% YoY, expanding its retailer base.

**Business Developments:**

Nykaa fully acquired Nudge Wellness, boosting its beauty supplement segment. Kay Beauty is set for exclusive UK launch with Space NK, marking significant international expansion.

**Market Position & Competitive Advantage:**

Nykaa leads India's beauty retail, a preferred global brand partner. Its full-stack launch platform and extensive network differentiate it, with strong customer pull seen in sales events.

**Investor Implications:**

Updates suggest positive growth potential from strategic expansion and premiumization. Improved profitability and capital efficiency underscore disciplined execution, strengthening market leadership.