FSN E COMMERCE VENTURES

FSN E-Commerce Ventures Limited (Nykaa) reported strong financial results for Q1 FY27 during its earnings conference call held on August 4, 2026. Management highlighted a 34% year-on-year growth in Gross Merchandise Value (GMV) to INR 5,590 crores and a 29% increase in net revenue to INR 2,782 crores. Gross profit rose by 33% to INR 1,276 crores, with a margin of 45.9%. EBITDA grew by 68% to INR 236 crores, while Profit After Tax (PAT) surged 226% to INR 80 crores. Both Beauty and Fashion verticals experienced significant growth, with Beauty NSV at INR 2,371 crores (29% growth) and Fashion NSV at INR 451 crores (54% growth). The company also expanded its consumer base to 60 million and opened 11 new stores, bringing the total to 324. Management emphasized ongoing investments in technology and customer engagement initiatives, including AI-driven tools and immersive consumer experiences.

Management emphasized strong growth and positive financial performance across key metrics.