FSN E-Commerce Ventures Limited (NSE:NYKAA)

FSN E-Commerce Ventures Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	113,095	100,224	79,498	63,856	51,438	37,739
Revenue Growth	28.08%	26.07%	24.50%	24.14%	36.30%	54.61%
Gross Profit Gross Profit Growth	51,581	45,158	34,772	27,392	22,781	16,439
Operating Income Operating Income Growth	6,037	4,320	2,075	1,219	827.87	668.45
Net Income Net Income Growth	3,225	1,994	660.8	322.6	192.62	410.75
Earnings Per Share EPS Growth	1.13	0.70	0.23	0.11	0.07	0.15
EPS Growth	215.59%	203.05%	109.09%	62.61%	-53.99%	-33.69%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024
Beauty Beauty Growth	102,483	91,395	72,512	58,099
Fashion Fashion Growth	10,002	8,322	6,747	5,683
Others Others Growth	609.6	507	239.6	74
Total Total Growth	113,095	100,224	79,498	63,856

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	3,488	4,181	2,923	2,598	2,995	6,567
Total Debt Total Debt Growth	15,334	12,442	13,206	9,695	7,985	5,926
Net Cash (Debt) Net Cash Growth	-11,846	-8,261	-10,283	-7,097	-4,990	640.89
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-4.15	-2.88	-3.59	-2.48	-1.74	0.23

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	4,865	6,443	4,666	2.5	-1,402	-3,540
Capital Expenditures CapEx Growth	-1,501	-1,539	-1,272	-1,107	-2,082	-939.73
Free Cash Flow Free Cash Flow Growth	3,364	4,904	3,394	-1,105	-3,484	-4,479
Free Cash Flow Growth	-5.93%	44.50%	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	45.61%	45.06%	43.74%	42.90%	44.29%	43.56%
Operating Margin	5.34%	4.31%	2.61%	1.91%	1.61%	1.77%
Pretax Margin	4.50%	3.29%	1.58%	1.02%	0.67%	1.25%
Profit Margin	2.85%	1.99%	0.83%	0.51%	0.37%	1.09%
FCF Margin	2.97%	4.89%	4.27%	-1.73%	-6.77%	-11.87%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 10, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	318.16	337.26	774.87	1433.75	1839.98	1950.15
Forward PE	157.62	175.99	299.22	265.49	221.88	-
P/FCF Ratio	306.25	137.15	150.86	-	-	-
PS Ratio	9.11	6.71	6.44	7.24	6.89	21.23

Data Source: S&P Global Market Intelligence Last updated: Nov 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

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