FSN E-Commerce Ventures (Nykaa) NYKAA
Leading online and omnichannel beauty retailer (Nykaa) with a fashion marketplace (Nykaa Fashion) and own brands
Mapped in 1 theme: Consumer Internet.
Where FSN E-Commerce Ventures (Nykaa) sits in the supply chain
FSN E-Commerce Ventures (Nykaa) appears in 1 supply-chain layer in one theme, Consumer Internet.
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,774 | 5,144 | 6,386 | 7,950 | 10,022 |
| Net profit | 41 | 21 | 40 | 72 | 204 |
Latest-year revenue ₹10,022 Cr (FY26, company-wide).
Strengths
- Beauty is a high-margin, inventory-led category where authenticity matters, giving Nykaa pricing power
- Guided ~30% GMV growth in Q2 FY27; 338 stores add omnichannel reach
- Own brands (Kay Beauty, Dot & Key) lift gross margin
Risks
- Quick commerce selling beauty in 10 minutes threatens repeat purchases
- Fashion is still a small, low-margin business
- Competition from Tira (Reliance) and Myntra beauty
Common questions
What does FSN E-Commerce Ventures (Nykaa) do?
Leading online and omnichannel beauty retailer (Nykaa) with a fashion marketplace (Nykaa Fashion) and own brands.
Where does FSN E-Commerce Ventures (Nykaa) sit in the supply chain?
FSN E-Commerce Ventures (Nykaa) (NSE: NYKAA) is mapped in 1 supply-chain layer: Marketplaces & D2C (Consumer Internet).
Who are FSN E-Commerce Ventures (Nykaa)'s peers?
In the Marketplaces & D2C layer of Consumer Internet: Flipkart (not NSE-listed), Amazon India (not NSE-listed), Meesho, Brainbees Solutions (FirstCry) and Lenskart Solutions.
What is FSN E-Commerce Ventures (Nykaa)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹1.01L Cr, P/E 305.0x, ROCE 17.2%, ROE 15.3%, dividend yield 0%.