FSN E-Commerce Ventures (NYKAA)₹359.70+2.48%E-Retail/ E-Commerce
In the Jun 2026 quarter (consolidated), FSN E-Commerce Ventures reported sales of ₹2,780 Cr, up 29.1% from Jun 2025, and net profit of ₹79.78 Cr, up 233.1% year on year. For the year to Mar 2026, sales were ₹10,004 Cr and net profit ₹204 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,505 | 1,786 | 1,667 | 1,743 | 1,872 | 2,264 | 2,059 | 2,153 | 2,345 | 2,871 | 2,643 | 2,780 |
| Expenses | 1,429 | 1,693 | 1,577 | 1,652 | 1,775 | 2,129 | 1,931 | 2,018 | 2,191 | 2,649 | 2,429 | 2,551 |
| Operating Profit | 80.91 | 98.92 | 92.87 | 95.98 | 104 | 141 | 133 | 141 | 159 | 230 | 223 | 236 |
| OPM % | 5.0% | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% | 7.0% | 7.1% | 8.0% | 8.1% | 8.1% |
| Other Income | 9.03 | 8.04 | 7.02 | 7.03 | 5.02 | 6.03 | 9.03 | 9.03 | 7.03 | −10.03 | 9.04 | 9.04 |
| Interest | 20.94 | 21.95 | 20.96 | 20.96 | 23.94 | 31.91 | 29.95 | 29.95 | 30.94 | 28.95 | 25.93 | 26.93 |
| Depreciation | 54.82 | 57.75 | 59.78 | 59.80 | 63.77 | 69.69 | 72.75 | 75.72 | 78.68 | 80.66 | 83.62 | 88.69 |
| Profit before tax | 12.96 | 25.92 | 19.95 | 21.94 | 20.95 | 44.87 | 39.85 | 43.88 | 54.80 | 110 | 122 | 129 |
| Tax % | 30.1% | 31.1% | 50.1% | 36.0% | 37.1% | 39.1% | 52.1% | 44.1% | 40.0% | 38.0% | 35.0% | 38.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.01 | −10.01 | 0.00 | 0.00 |
| Net Profit | 7.99 | 16.97 | 8.98 | 13.98 | 12.97 | 25.97 | 18.96 | 23.95 | 32.93 | 67.83 | 78.87 | 79.78 |
| EPS (Rs) | 0.01 | 0.05 | 0.01 | 0.02 | 0.03 | 0.08 | 0.06 | 0.07 | 0.11 | 0.21 | 0.26 | 0.29 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 573 | 1,110 | 1,767 | 2,436 | 3,770 | 5,137 | 6,380 | 7,937 | 10,004 | 10,639 |
| Expenses | 602 | 1,094 | 1,689 | 2,287 | 3,619 | 4,899 | 6,048 | 7,485 | 9,284 | 9,820 |
| Operating Profit | −26.99 | 20.99 | 82.90 | 158 | 164 | 257 | 347 | 475 | 752 | 847 |
| OPM % | −4.6% | 1.9% | 4.7% | 6.0% | 4.3% | 5.0% | 5.0% | 6.0% | 8.1% | 8.0% |
| Other Income | 4.01 | 5.02 | 10.04 | 12.04 | 27.08 | 30.12 | 30.10 | 27.10 | 15.06 | 15.08 |
| Interest | 6.99 | 26.92 | 45.88 | 31.90 | 46.88 | 75.80 | 83.84 | 108 | 118 | 113 |
| Depreciation | 6.97 | 30.90 | 59.74 | 71.73 | 95.66 | 172 | 223 | 265 | 319 | 332 |
| Profit before tax | −36.91 | −31.92 | −11.96 | 65.83 | 46.87 | 37.92 | 68.84 | 127 | 329 | 415 |
| Tax % | −25.0% | −23.0% | 31.0% | 7.0% | 13.1% | 35.1% | 37.1% | 42.1% | 38.0% | — |
| Exceptional items | 3.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −10.01 | −11.02 |
| Net Profit | −27.94 | −24.96 | −15.96 | 61.88 | 40.91 | 20.94 | 39.93 | 71.84 | 204 | 259 |
| EPS (Rs) | −3.46 | −2.86 | −1.89 | 6.83 | 0.13 | 0.08 | 0.10 | 0.22 | 0.69 | 0.87 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.03 | 14.03 | 15.05 | 15.04 | 47.09 | 286 | 287 | 287 | 287 |
| Reserves | 108 | 216 | 307 | 476 | 1,294 | 1,095 | 979 | 1,016 | 1,154 |
| Borrowings | 82.82 | 309 | 412 | 333 | 592 | 796 | 967 | 1,320 | 1,236 |
| Other Liabilities | 148 | 235 | 392 | 480 | 713 | 774 | 1,170 | 1,359 | 1,940 |
| Total Liabilities | 353 | 776 | 1,125 | 1,303 | 2,647 | 2,952 | 3,402 | 3,982 | 4,617 |
| Fixed Assets | 34.13 | 140 | 228 | 232 | 485 | 701 | 670 | 838 | 1,012 |
| CWIP | 0.00 | 0.00 | 2.01 | 2.01 | 24.08 | 31.08 | 30.10 | 37.08 | 9.02 |
| Investments | 9.97 | 138 | 3.99 | 0.99 | 0.00 | 37.92 | 33.90 | 0.00 | 0.00 |
| Other Assets | 308 | 497 | 892 | 1,067 | 2,137 | 2,181 | 2,667 | 3,107 | 3,596 |
| Inventories | 118 | 245 | 445 | 498 | 876 | 1,005 | 1,192 | 1,418 | 1,643 |
| Trade receivables | 69.98 | 58.01 | 97.96 | 77.03 | 95.05 | 164 | 242 | 247 | 289 |
| Cash & equivalents | 37.99 | 12.01 | 176 | 248 | 267 | 149 | 240 | 217 | 320 |
| Total Assets | 353 | 776 | 1,125 | 1,303 | 2,647 | 2,952 | 3,402 | 3,982 | 4,617 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −79.09 | −100 | 6.01 | 133 | −354 | −140 | 0.00 | 467 | 644 |
| Cash from investing activity | 31.05 | −162 | 15.02 | −130 | −604 | 140 | −10.02 | −205 | −159 |
| Cash from financing activity | 82.10 | 236 | 69.10 | −38.01 | 927 | 5.01 | 44.05 | −212 | −433 |
| Net cash flow | 32.89 | −25.94 | 89.74 | −33.92 | −29.94 | 3.99 | 33.91 | 48.85 | 51.87 |
| Capex | 27.03 | 35.08 | 46.08 | 42.07 | 94.15 | 208 | 111 | 127 | 154 |
| Free cash flow | −106 | −135 | −39.88 | 90.79 | −447 | −347 | −110 | 338 | 492 |
| CFO / OP % | 298.0% | −478.1% | 13.0% | 92.0% | −172.1% | −18.1% | 38.0% | 111.0% | 103.0% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 45 | 19 | 20 | 11 | 9 | 12 | 14 | 11 | 11 |
| Inventory days | 113 | 134 | 159 | 121 | 149 | 127 | 118 | 115 | 108 |
| Days payable | 123 | 100 | 113 | 77 | 62 | 34 | 39 | 52 | 49 |
| Cash conversion cycle | 36 | 55 | 69 | 57 | 98 | 107 | 95 | 76 | 72 |
| Working capital days | 0 | −15 | −4 | 4 | 68 | 41 | 11 | 15 | 5 |
| ROCE % | — | −1.0% | 5.0% | 13.0% | 7.0% | 6.0% | 7.0% | 10.0% | 17.0% |
For the Jun 2026 quarter, FSN E-Commerce Ventures reported sales of ₹2,780 Cr, up 29.1% year on year and net profit of ₹79.78 Cr, up 233.1% year on year. The operating margin was 8.1%.
FSN E-Commerce Ventures' sales for the year to Mar 2026 were ₹10,004 Cr; over the last twelve months they were ₹10,639 Cr.
Net profit for the year to Mar 2026 was ₹204 Cr, and ₹259 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.87.
FSN E-Commerce Ventures reported borrowings of ₹1,236 Cr at Mar 2026, against cash and equivalents of ₹320 Cr.
Cash from operations was ₹644 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹492 Cr.