FSN E-Commerce registers 79% growth in consolidated net profit in Q1, FY26

13 August 2025, Mumbai 

Operator of the Nykaa brand, FSN E-Commerce registered a 79 per cent growth in consolidated net profit to Rs 24 crore in Q1, FY26 as against Rs 14 crore in the corresponding quarter last year. The company’s revenue from operations grew by 23 per cent to Rs 2,155 crore as against Rs 1,746 crore in Q1, FY25.

FSN E-Commerce Ventures Ltd. is the parent company of the Indian beauty, wellness, and fashion retailer, Nykaa. The company follows an omnichannel model, combining online sales through its website and mobile app with a growing network of over 100 physical stores across India. Their business model is centered on a ‘content-led’ approach, providing customers with product information and expert advice through its platform to build trust and drive sales. They also have an inventory-led model, where they purchase products in bulk to ensure quality and authenticity.

The company has been expanding its quick commerce service, ‘Nykaa Now,’ to offer faster delivery times (30 minutes to two hours) for a curated selection of products.

The company reported strong revenue and profit growth in Q1, FY26, driven by its beauty and personal care segment, and expanding its physical store footprint. Brokerages have generally maintained a bullish outlook on the stock, citing market share gains and improving margins.

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