FSN E-Commerce Ventures Limited — Investor Meet, 26-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

FSN E-Commerce Ventures Limited posted strong Q4 FY26 and full year FY26 financial results. Q4 net revenue surged 28% YoY to INR 2,648 Cr, with EBITDA up 67% to INR 223 Cr (8.4% margin). Full year net revenue crossed INR 10,000 Cr (+26% YoY), with EBITDA at INR 752 Cr (7.5% margin). Return on Capital Employed improved to 21.2%.

Growth stemmed from Beauty's doubled customer base and Fashion achieving Q4 profitability driven by key brand additions like H&M and Nike. House of Nykaa brands grew ~50% YoY. Management expresses a confident outlook on continued disciplined growth and capital efficiency, cautiously monitoring macro trends while leveraging AI-led opportunities.